The NQ one hour time frame is below the short term down trend line. It will be a good idea to wait for the market to enter and close above the short term down trend line before looking for long ideas towards the monthly up Fibonacci.
Entry: Counter trend line break bullish in the buy zone.
STOP: In the sell zone
LIMIT: 16072.25
Once or if the market enters into the buy zone. As long as the market stays in the buy zone. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities.
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