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...
Similar to ES, all time highs has been created.
Awaiting dollar to create lows which would give NQ strength to run through all time highs.
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...
With CME_MINI:ES1! and CBOT_MINI:YM1! trading at all time highs, CME_MINI:NQ1! is the only pair that has spiked, failed to close above previous highs as well as printing a bearish shooting star which could indicate that CME_MINI:NQ1! could lead first into Sellside liquidity.
Was looking of for a selloff last week and although we got what I was looking...
The Asian session formed a range, there was a manipulation expansion leg to the upside in the London session, I believe this is what Michael calls a Turtle Soup (Correct me if I am wrong). Then the AMD schematic formed which is Asian Range, London Manipulation, which also had the first distribution leg. I am looking for the second expansion in the New York...
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Last week, I was on a lookout for a continuation of shorts, running through intraday sellside liquidity @ $17,717 with $17,690.25 being the daily bullish order block.
What we have witnessed is perfection in the sense of accumulation, manipulation then distribution and i am expecting further downside for the week until the liquidity void from the 30-31st Jan 2024...
CME_MINI:MNQ1!
1. Price reached a major Price area. In Fact, there were 3 Logical Profit Objectives that were hit soon after market open which indicated to me that there was strong support at that area.
2. I entered the buy after price reversed off of that support level.
3. Took profits at one of the Logical Profit Objectives (Fibonacci Exapansion) after...
CME_MINI:MNQ1!
1. At market open, there was a big drop in price with a small retracement, so I used fibonacci expansion levels to determine where I would take profit at and that is where you see me take profits at when it hits that level.
2. We were in a downtrend on the 30Minute and 1Hour Timeframes.
Today, we will discuss how to apply inter-market analysis effectively. While there are numerous analysis methods available, I find comparing the index, an influential stock, and a smaller yet actively traded stock to be effective in projecting what is coming ahead.
Let's make some interesting observations in the tech market, focusing on the Nasdaq Index, the...
