NQ1! - Pending Sell Stop Hunt
For 10 days, price action for NQ1! has been relatively rangebound with Friday wicking through $18,372.75 all time highs but closing at the $18,040 weekly bullish order block.
$17825.75 is my next short term target with $17,600 being the next take profit target if we are to continue the decline.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
$17825.75 is my next short term target with $17,600 being the next take profit target if we are to continue the decline.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Trade active:
Throughout the whole of this week, i have been fighting food poisoning with today being the day i was admitted into hospital hence the reason for a delayed update to all of the asset pairs analysed for this weeks trading. But this does not mean abandonment!
Very similar bias to ES, I wanted to see a waterfall for all three indexes; ES, NQ and YM and that’s what Santa delivered this week!
Unlike ES, NQ has been trading within a range for the past month or so with no major break in market structure and daily sell side liquidity unfuffilled.
My first projection for NQ was $18,040, even though market conditions prior wasn’t the best, I figured if we can get through that weekly order block range, $17825.75 is the next point of call which I do believe is a strong possibility looking into next weeks price action.
Very similar bias to ES, I wanted to see a waterfall for all three indexes; ES, NQ and YM and that’s what Santa delivered this week!
Unlike ES, NQ has been trading within a range for the past month or so with no major break in market structure and daily sell side liquidity unfuffilled.
My first projection for NQ was $18,040, even though market conditions prior wasn’t the best, I figured if we can get through that weekly order block range, $17825.75 is the next point of call which I do believe is a strong possibility looking into next weeks price action.