What are you $NQ 'ing to me?
Updated
This impressive three-week run may necessitate a reset to gauge where the bulls, currently in waiting, are looking to enter. The question is: how far back will they reach to pursue all-time highs?
Bull Case: Observe the order block; this is their location. There's not much further to search. While it may not be ready just yet, the possibility of consolidation here is ideal. This would allow oscillators and moving averages (MAs) to catch up, as long as we remain above the bearish line.
Bear Case: It's amusing how bulls perceive this steep ascent as healthy. I eagerly await the drop below 15,900 to rebalance the market properly. Enjoy the ride, but no prudent bull would consider this elevated price level a good selling point. With the 16,062.75 level now acting as resistance, it's time for a decline as dramatic as the previous rise.
Conclusion: The bears make a valid point about the need for market structure. Currently, we are in uncharted territory, at the mercy of the bulls' time horizon while navigating through the order block and maintaining above 16,062.75. This will significantly influence how the year concludes.
Bull Case: Observe the order block; this is their location. There's not much further to search. While it may not be ready just yet, the possibility of consolidation here is ideal. This would allow oscillators and moving averages (MAs) to catch up, as long as we remain above the bearish line.
Bear Case: It's amusing how bulls perceive this steep ascent as healthy. I eagerly await the drop below 15,900 to rebalance the market properly. Enjoy the ride, but no prudent bull would consider this elevated price level a good selling point. With the 16,062.75 level now acting as resistance, it's time for a decline as dramatic as the previous rise.
Conclusion: The bears make a valid point about the need for market structure. Currently, we are in uncharted territory, at the mercy of the bulls' time horizon while navigating through the order block and maintaining above 16,062.75. This will significantly influence how the year concludes.
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This 16,062.75 Level was critical on my month success and added a new funded account with my broker. DM me if you gained as well
Sometime you have to take a step back to make a better step forward.
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