Narrative: Price is currently in an uptrend, price seems to have taken out sell side liquidity (EL). After price takes out sell side liquidity(SSL) price retraces and takes out internal liquidity & is now expanding to the upside to take out buy side liquidity.
NQ Futures could be trying to setup an ascending triangle to catch bears short at the bottom with major upside potential with a breakout and confirm. Will almost certainly coincide with data/news that will either play out a bear trap or a bull trap on the same timeframe for the next let the market takes. Often these patterns forming at the bottom of a range end...
Nasdaq longs will play and hit this level by the end of the week at most
Heres my long for ES, using both NQ and ES charts, switching between timeframes, and I have written down text for explaination on what I see.
We broke the structure and my current aim is the objective or hitting my POI.
1. FSL 2. BSL 3. 1hr Breaker block 4. Imbalance above 5. 30min breaker block 6. FSL
CME_MINI:NQM2024 - PR High: 17513.00 - PR Low: 17484.00 - NZ Spread: 65.0 Key economic calendar event 08:30 | Initial Jobless Claims Inventory dip below Tuesday low - Lifting above prev session close and open - ~225 points from prev session high Evening Stats (As of 12:05 AM) - Weekend Gap: +0.16 (filled) - Gap 5/2 +0.07% (open < 17481) - Gap 10/30 +0.47%...
Be caution this is not a trading signal . MNQ is still weak on the daily chart , today after the Federal Funds Rate News has a big move but the News wasn't strong enough and foggy pic on the USD and created a fake movement and potentially has dropped down to the downside trend, based on my Strategy there will be more downside movement but that comes after...
NASDAQ to push longs to this level. This entry is more rewarding but be careful about risking moderately with this entry as the stop is tighter .
Hello guys. that's today's micro analysis. we will see what will happen at 08:15 considering that we have non farm Employment. high impact news. I use ict model 2022 strategy
Since price didn't close above the mid-point of the consolidation zone & an 8H inverted hammer formed at market close, I am looking for price to run bearish at market open and then continue back bullish at some point. Personally I'm not looking for full sells OR actual bearish structure until around 17476 where the current lows in price are at. **This is for...
Hello,Friends! NQ1! is making a bullish rebound on the 9H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 17048.25 level. ✅LIKE AND COMMENT MY IDEAS✅
The March CPI was reported at 3.5%, higher than expected on April 10. This development triggered a sharp decline in the stock market, with a total drop of 8.5% from the recent high. Could this downward movement signal the onset of a major bear market, or is this sell-off simply a retracement, setting the stage for the bull market to resume? We will explore this...
CME_MINI:NQM2024 - PR High: 17503.75 - PR Low: 17453.75 - NZ Spread: 112.0 Key economic calendar events 08:15 | ADP Nonfarm Employment Change 09:45 | S&P Global US Manufacturing PMI 10:00 | ISM Manufacturing PMI - ISM Manufacturing Prices - JOLTs Job Openings 10:30 | Crude Oil Inventories 14:00 | FOMC Statement - Fed Interest Rate Decision 14:30 | FOMC...
Looking at NQ futures chart, we seem to be in a clean bear flag. If at the time of FOMC announcement and J. Powell talking (2-3pm est), if the market is relatively at the bottom of the channel, I'd be looking for the Bear Flag follow through. The risk/reward on this pretty huge considering the trade accounts for a 400 point drop if it plays out as the charts show...
this is a trade i took today. I'm testing out the publishing tool on Tradingview.
Oddly, we got the dump with no pump today. MFI is oversold but RSI is not. ES and RTY are not oversold on any indicator. On top of that, my favorite stock, PCAR, took a complete crap on earnings, lol. Gonna wait until tomorrow for a long position. Made a little money with puts today, but I'm just playing with small positions. More room for downside, but...