NQM2023 Chart Analysis May 15th, 2023
Hey Traders! 👋
Just took a deep dive into the 34m chart of NQM and I'm seeing some interesting trends. The market opened bearish from the weekend, and I've identified some key support levels that we need to keep an eye on.
First, there's 13,360, followed by 13,320 and 13,200. These are the critical points where we could see the market bounce back. However, if these levels fail to hold, we may see a move towards the major Fibonacci retracement level of 0.238 down at 13,100 which is set from the monthly chart.
Remember, as traders, we need to stay agile and prepared for different scenarios. Keep these levels on your radar and be ready to adjust your strategy based on the market behavior. As always, manage your risk and trade responsibly!
Let's conquer the markets together, one trade at a time! 🚀📈
#NQM #TradingView #TradingIdeas #BearishMarket #FibonacciLevels #SupportLevels #RiskManagement #PlanTrackSucceed
Disclaimer: This post is intended for educational purposes only and should not be construed as financial advice. The ideas and strategies shared here reflect my personal perspective and experience with the NQM chart. They do not guarantee profits and carry potential risks. Trading in financial markets is a challenging opportunity where above-average returns are available for educated and experienced investors who are willing to take above-average risk. Before deciding to participate in financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Don't trade with money you can't afford to lose.
Just took a deep dive into the 34m chart of NQM and I'm seeing some interesting trends. The market opened bearish from the weekend, and I've identified some key support levels that we need to keep an eye on.
First, there's 13,360, followed by 13,320 and 13,200. These are the critical points where we could see the market bounce back. However, if these levels fail to hold, we may see a move towards the major Fibonacci retracement level of 0.238 down at 13,100 which is set from the monthly chart.
Remember, as traders, we need to stay agile and prepared for different scenarios. Keep these levels on your radar and be ready to adjust your strategy based on the market behavior. As always, manage your risk and trade responsibly!
Let's conquer the markets together, one trade at a time! 🚀📈
#NQM #TradingView #TradingIdeas #BearishMarket #FibonacciLevels #SupportLevels #RiskManagement #PlanTrackSucceed
Disclaimer: This post is intended for educational purposes only and should not be construed as financial advice. The ideas and strategies shared here reflect my personal perspective and experience with the NQM chart. They do not guarantee profits and carry potential risks. Trading in financial markets is a challenging opportunity where above-average returns are available for educated and experienced investors who are willing to take above-average risk. Before deciding to participate in financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Don't trade with money you can't afford to lose.