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Nq100

Nasdaq 100 Futures - Is the BOTTOM in place ???NQ1! Here are several zones, levels, and projections of where I'm looking for price action to occur over the coming week(s). There is 'some' confirmation for me to believe that we just saw the bottom put in place (for now) with potential to reach new all time HIs. Within each zone or level, am using other price action confirmations before entry (usually double bottoms/tops) and with the wide ranges we're seeing lately, targeting 50, 75 to 100+ points on each trade. If price falls to new LOs, below, the red band levels, then I will look at flipping this entire idea to the reverse short side - simple. Will find out very quickly with the previous close just coming off the LOs.
CME_MINI:NQ1!Long
by ProSTrades
1
NQ Trade ScenariosWith Nasdaq Futures seeing high volatility in a bearish trend, there are 2 levels that I like for a trade with the thesis that as long as we are below 7210, we are going to test the 6900 lows. Trade Setup 1: I think a retest of the lows would be a successful and see at least a 100 point bounce. Directional Bias: Long Price Target: 7100 Good Entry: 6900-6930 Risk/Reward: Max risk of 30 points, 200 point potential reward Trade Setup 2: I think a open to the beginning of the week would create a nice short opportunity for a potential of 300 point downside. Directional Bias: Short Price Target: 6900 Good Entry: 7200-7230 Risk/Reward: Max risk of 30 points, 200 point potential reward
CME_MINI:NQ1!Short
by ridethemwaves
3
NQ Futures Long2The trade idea I posted last week, we never got the price target to set up a nice short. However, the trend was clearly down and there was no signal to long until the look below and fail on Thursday down in the 6900-6930 area. Give the close we had Thursday/Friday, it looks like some buying algos showed up. Weekends can change the complexion given our heightened volatility but it looks like a long trade is setting up for a test of the lower 7300s at least. Directional Bias: Long Price Target: 7300-7320 area Good Entry: Retest of the speculative red trendline at 7100-7130 or a break above 7200 intraday Risk/Reward: Max Risk of 30 points/100 pt+ Reward Good luck to all.
CME_MINI:NQ1!Long
by ridethemwaves
1