Long

Nasdaq approaching two key zones on H1 to seek support

Updated

I was too optimistic yesterday. My pre-drew key zone of last week still held. Price didn't mange to close it! You can still have good setups(making money) even you're wrong about the market move. Please refer to my comment of the linked idea.

What's next for NQ? Now it's heading for two demand zones which buyers may come in:
1. Nearest demand zone
2. Daily range area.

long setup trigger: 1m/5m reversal pattern!

Note

Now, the first zone touched. Need to check the price action on 5m or even 1m. I observed pause which is a good sign!

Note

The first zone is violated with no bullish setup opportunities.

Note

Both zones violated with short opportunities on 5m. Plan to long with no chance.

Note

I spot a nice short setup in Asian session. Momentum + Fib + Control high. It's a high probability trade setupl

Note

Watch the formation violation on the zone. Now, the zone is firmly violated. Looks momentum is accumulating to prepare for rallies.

Note

After the high probability short setup violated, I have to change the mind and look for bullish setup. Do remember if key zone violated, look for opposite trade setups.

Note

The uptrend continues.

JICPT

plan your trade and trade your plan

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NQ will go up with key supply zone being taken out soon!

by JICPT

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