As the NFP data is going to be released in less than 10 min, NQ has come to 1H supply zone which it has to go through to finish a rebound on the daily.
Daily: I got long-term MA + Flip + 10% correction
Hourly: With higher high coming to attack the key supply zone(1st try).
I'm bullish on NQ for sure. However another possible scenario is the daily zone violation. To deal with the situation, I drew a possible red line.
I just checked US 10Y yield and it's been up by less than 1%. Actually, folks will be tired of reading the figure. The focus will be on corporate earnings.
Daily: I got long-term MA + Flip + 10% correction
Hourly: With higher high coming to attack the key supply zone(1st try).
I'm bullish on NQ for sure. However another possible scenario is the daily zone violation. To deal with the situation, I drew a possible red line.
I just checked US 10Y yield and it's been up by less than 1%. Actually, folks will be tired of reading the figure. The focus will be on corporate earnings.
Note
NFP data is better than expected, indicating stronger economic growth. Good means bad now and investors are concerned about possible tightening monetary policy.Note
V shape completed. Come on, conquer the zone!Note
1H supply zone conquered!
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plan your trade and trade your plan
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.