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NASDAQ 100 E-mini Futures

NQ out of channel

By Epictetzu
Updated
NQ has dropped out of the channel it's been following and is holding below and may be forming a bear flag. So much empty space to the downside with nearest previous levels being very far down. The first of which is Aug. 23rd's high which would be my target if it heads south. That being said I think it will just chop around sideways for another day.
Trade active
NQ has regained a foot hold in the previous channel. I'm going long with a target of the middle of the channel
Note
Long from 15332
Note
Moved stop up to 15333 to secure one point. Trying to hold for a reentry into channel
Trade closed: stop reached
Stopped out for one point on all contracts
Trade active
Went long again from the same price and immediately was able to secure one point again. Same plan :)
Trade closed: stop reached
Moved stop up to lock in another point profit and it was immediately taken.
Trade active
Long 15328.75
Trade closed: stop reached
Supply and DemandSupport and ResistanceTrend Lines
Epictetzu

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