Nq1!short
No Stimulus NASDAQ PlotThis is an update to the Island Gap post. I attempted to plot a path to meet my target. I used a rough timeline of events and hypothetical sentiments in the week ahead. Should the house fail to pass a much lower stimulus bill by Friday, I expect a limit down event this week, or early next. These things are very hard to predict, so take it with a grain of salt; but October is notorious for being bearish even without such circumstances.
NQ, signs for intraday tradingHello traders,
So NQ shows yesterday an increasing trend. Currently we have a good sign to buy.
In fact with the high volume and the shape of the candle shown in the graph, we expect the continuation of an increasing trend, especially with the spring effect on the VWAP.
So the advice is for intraday trading, buying NQ will be a good trade
We sell at the next red volume and red candle.
NQ AnalysisNQ is going for surely up.
The highest volume and the shape of the candle assure we will have an upward trend
NQ show good chance to buy, and we sell in the next red cancle and volume.
This analysis is for intraday trading.
NASDAQ - US100 - NQ1! - SHORT - H1NASDAQ - US100 - NQ1! - SHORT - H1
Waiting for a pullback on the previous resistance 9150 on the Fibonacci Level 0.618
before to open a SELL trade.
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Entry: 9150 | Stoploss: 9200 | Takeprofit1: 8975 |
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
If you like this idea please click the like button to support this channel, thanks.
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
NQ testing important resistance NQ1!See chart for summary.
I don't think the market has topped here, but I do think there's an opportunity for short term shorts to nail a momentum move down AFTER a fail at the zone. I included the EMA's here because they provide a good visual tool...a pullback to the 25 EMA + zone + price action fail....that's essentially what I'm looking for. Ideally I'd like to see it developing on the H1 and execute on the 5m tomorrow.
That's very specific, and like I said before, I've been burned by the NQ many times on technical setups. This is a algo heavy instrument that's perfected the art of the fakeout + trap.
If I'm completely wrong and price busts up through the level, this is still a chart worth studying.
Why?
Two reasons:
1. Momentum will come into the market here. First step in good trading is to identify when/where opportunities will present themselves.
2. The second step is knowing which direction to pick. I'm a discretionary technical trader...and if I'm clearly trapped, it's a chance to study how the NQ will set up attractively to one side and then slam the other way at the last minute.
Either way, watch for the move that's coming.
