BEAR PULL BACK THEN BACK TO BUSSINESS
Updated
Recently seen a change in state of delivery on multiple time frames creating a market structure shift (lower low to higher high), this can possibly show institutional sponsorship and change in order flow. If we draw a fib retracement from the range created on the Daily chart after MSS, we can see a buyside inefficiency in the premium of the range which is what I expect NQ could pull back into past the two most recent 4HR highs. Zooming into the Current lows on ES and NQ we can see 5min SMT divergence adding conviction to the trade. Want to start to see bullish order flow being respected putting stop at the most recent 5min low which should be protected if the draw on liquidity is correct.
Note
stopped out.
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