NQ Power Range Report with FIB Ext - 12/5/2024 SessionCME_MINI:NQZ2024
- PR High: 21523.75
- PR Low: 21504.50
- NZ Spread: 43.25
Key scheduled economic event
08:30 | Initial Jobless Claims
ATH march continues, pausing inside previous session highs
Session Open Stats (As of 12:35 AM 12/5)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 276.30
- Volume: 17K
- Open Int: 297K
- Trend Grade: Bull
- From BA ATH: -0.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Supply Zone
NQ Power Range Report with FIB Ext - 12/4/2024 SessionCME_MINI:NQZ2024
- PR High: 21336.50
- PR Low: 21305.75
- NZ Spread: 68.75
Key scheduled economic events: (busy day)
08:15 | ADP Nonfarm Employment Change
09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
10:30 | Crude Oil Inventories
13:45 | Fed Chair Powell Speaks
Auctioning into new ATHs
Session Open Stats (As of 12:45 AM 12/4)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 282.51
- Volume: 21K
- Open Int: 289K
- Trend Grade: Bull
- From BA ATH: -0.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 12/3/2024 SessionCME_MINI:NQZ2024
- PR High: 21224.50
- PR Low: 21203.75
- NZ Spread: 46.25
Key scheduled economic event:
10:00 | JOLTs Job Openings
Teasing ATH breach
Session Open Stats (As of 12:45 AM 12/3)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 288.13
- Volume: 15K
- Open Int: 285K
- Trend Grade: Bull
- From BA ATH: -0.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
EUR/CHF Trade Setup1️⃣ Market Context:
EUR/CHF recently tapped into a supply zone between 0.9330–0.9335, where sellers showed clear dominance. The current structure suggests a bearish bias as the price begins to reject this zone, indicating a potential downside move.
2️⃣ Liquidity Grab:
The move above 0.9330 likely cleared liquidity from previous highs, trapping buyers and providing fuel for a bearish continuation. This strengthens the short bias.
3️⃣ Supply Zone:
The rejection from the supply zone highlights this area as a high-probability region for initiating short trades. It aligns with a previous imbalance and liquidity pocket.
4️⃣ Volume Confirmation:
The Volume Profile indicates significant activity near 0.9330, where price has struggled to break higher. This confirms strong sell-side interest at these levels.
5️⃣ Fibonacci Confluence:
This zone also aligns with the premium retracement area from a larger downtrend, adding confluence for a potential reversal.
6️⃣ Trade Idea:
Looking for a short position targeting the next demand zone around 0.9300. This is where significant buy-side interest previously emerged.
Entry: Around 0.9330
Target: 0.9300
Stop Loss: Above 0.9345
This setup leverages clear technical confluences, including supply rejection, liquidity grabs, and strong volume areas.
EURGBP BUY SETUPKey Observations:
Liquidity Zone (Confirmation): The highlighted liquidity area represents a critical zone for confirmation. I need the market to grab this liquidity before validating my long entry setup.
Demand Zone: The area around 0.83172 acts as a significant demand zone. This is where buyers have previously stepped in, and I anticipate bullish momentum to emerge again.
Key Level at 0.83350: This is an important reaction zone, which could act as the first target for the trade or a consolidation point.
Imbalance Fill: The market is currently filling an imbalance (highlighted zone). I’ll monitor for bullish price action once this imbalance is mitigated.
Fibonacci Confluence (Premium Zone): My demand zone aligns with a Fibonacci retracement level in my premium area, adding confluence to the long trade setup.
Demand in Volume Profile: This demand zone also aligns with a high-volume area in the volume profile, suggesting strong interest from buyers, making this an ideal entry point.
Trade Idea:
Bullish Bias:
Entry Area: Around 0.83172 (demand zone).
Target Levels:
TP1: 0.83350 (key level).
TP2: 0.83650 (higher liquidity zone).
Stop Loss: Below 0.83050, to protect against demand zone failure.
Risk Management:
Maintain a risk-to-reward ratio of at least 1:2. Wait for the liquidity grab and signs of bullish momentum (e.g., bullish engulfing candle or strong rejection wick) at the demand zone before entering.
Volume, liquidity grabs, and Fibonacci align perfectly in my EUR/GBP long setup. Do you see the same bullish potential, or do you expect a bearish breakdown? Let’s discuss below!👇
NQ Power Range Report with FIB Ext - 11/27/2024 SessionCME_MINI:NQZ2024
- PR High: 20998.75
- PR Low: 20967.75
- NZ Spread: 69.5
Key scheduled economic events
08:30 | Durable Goods Orders
- GDP
- Initial Jobless Claims
09:45 | Chicago PMI
10:00 | Core PCE Price Index (MoM|YoY)
10:30 | Crude Oil Inventories
14:00 | FOMC Meeting Minutes
Holding inside previous 2 session range near the highs
- Busy schedule ahead of holiday market close
Session Open Stats (As of 2:25 AM 11/27)
- Weekend Gap: +0.24 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 294.01
- Volume: 25K
- Open Int: 270K
- Trend Grade: Bull
- From BA ATH: -1.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 11/26/2024 SessionCME_MINI:NQZ2024
- PR High: 20933.50
- PR Low: 20800.50
- NZ Spread: 297.75
Key scheduled economic events
10:00 | CB Consumer Confidence
- New Home Sales
14:00 | FOMC Meeting Minutes
Daily printed for pivot high off 21088
- Auctioning inside previous session range
- Almost 300 point spread for open session range (PR)
Session Open Stats (As of 12:55 AM 11/26)
- Weekend Gap: +0.24 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 304.97
- Volume: 48K
- Open Int: 269K
- Trend Grade: Bull
- From BA ATH: -2.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
XAUUSD 25/11/24Following last week's shift into a bullish narrative, we remain bullish on the higher timeframe. This outcome was anticipated in our previous reports, where we noted that failing to interact with key areas appropriately would likely result in a bullish shift.
As expected, the daily bias has also turned bullish, aligning with our forecast. We failed to engage with the liquid highs and areas of supply, resulting in a push upward and the establishment of a new upward trajectory. Currently, we have an unmitigated area of supply, representing a potential counter move. While this scenario is less likely, we are closely monitoring the area of demand at the base of the last major move. If the current upward trajectory breaks, this demand zone will be our focus.
As always, if the price continues downward to the demand area and fails to hold, we will look for lower points within the current range. Our bias will remain bullish unless the daily timeframe bias shifts again. However, if there is no pullback—as previously mentioned—this will be a counter-trend move, increasing the likelihood of another upward expansion. This would target pre-established highs and potentially breach the area of supply.
It’s also worth noting that there are several pockets of liquidity around the demand area, as well as liquidity above the major highs of our previous downward trade.
Trade safely, stick to your plan, and always follow your risk management rules.
NQ Power Range Report with FIB Ext - 11/25/2024 SessionCME_MINI:NQZ2024
- PR High: 20954.25
- PR Low: 20928.50
- NZ Spread: 57.50
No key scheduled economic events
US Thanksgiving week
Unfilled weekend gap up >50 points
- QQQ filling gap below ~508
- Above previous week's high, inside Nov 15 highs, teasing breakout
- Auction has been held inside Nov 15 range since its close
Session Open Stats (As of 12:45 AM 11/25)
- Weekend Gap: +0.24 (open > 20877)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 299.77
- Volume: 23K
- Open Int: 273K
- Trend Grade: Bull
- From BA ATH: -1.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 11/22/2024 SessionCME_MINI:NQZ2024
- PR High: 20808.00
- PR Low: 20758.50
- NZ Spread: 110.50
Key scheduled economic events
09:45 | S&P Global US Marketing PMI
- S&P Global Services PMI
Retaining value inside Friday 11/15 range, below 20880
- Holding auction in week highs
Session Open Stats (As of 1:45 AM 11/22)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 308.57
- Volume: 38K
- Open Int: 273K
- Trend Grade: Bull
- From BA ATH: -2.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 11/21/2024 SessionCME_MINI:NQZ2024
- PR High: 20762.25
- PR Low: 20687.50
- NZ Spread: 167.50
Key scheduled economic events
08:30 | Initial Jobless Claims
- Philadelphia Fed Manufacturing Index
10:00 | Existing Home Sales
Rotation back inside Tuesday range following failed breakout above 20840
- Return to daily Keltner average cloud
Session Open Stats (As of 1:05 AM 11/21)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 307.87
- Volume: 42K
- Open Int: 277K
- Trend Grade: Bull
- From BA ATH: -2.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
10% PUMP Incoming If...Keeping an eye on $GRASS here. Once level is #reclaimed, 10% pump to next #resistance more likely.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
EUR/USD Shorts from 1.07800 back downThis week, my analysis for EU is showing slow movement, as it isn't close to any key Points of Interest (POI). However, after the CPI release, I expect a surge in liquidity, which could lead to a retracement in EU. From there, I’ll be looking to enter sell positions at a supply zone I've marked, which previously caused a break of structure to the downside.
There are two potential supply zones to watch: the 9-hour supply zone or the 2-hour supply zone above it. If price begins to slow down and distributes upward, I’ll be cautious. However, if the price continues to drop, I’ll wait for a new supply zone to form or look to enter buy positions from the 3-hour supply zone, as outlined in Scenario B.
Confluences supporting EU sell positions are:
- Price action has been strongly bearish, aligning with a pro-trend idea.
- The DXY has been bullish, which suggests EU could continue to move down.
- Liquidity remains focused to the downside.
- A potential supply zone is identified, providing a possible selling POI.
P.S. If price breaks structure to the downside, I’ll wait for a retest and then follow the downtrend.
Look out for CPI and remain diligent!
GU imminent buys to sell idea?My analysis for GBP/USD (GU) is still bearish at the moment, as the DXY (Dollar Index) has been very bullish. Additionally, GU has broken structure to the downside, and there's a clean supply zone that aligns with this bearish trend. However, as price is currently in my demand zone, I will be looking for confirmation to buy temporarily for a retracement.
If price does not respect the 1-hour demand zone, I expect it to accumulate slowly, approaching the demand zone below. In that case, I’ll wait for the price to reach this lower zone before looking to buy. If this scenario doesn't play out, I will wait for the price to rally up and then look for short opportunities to sell again.
Confluences for a GU Long:
- The market has been very bearish, and a pullback is likely.
- There is a lot of liquidity to the upside, including Asia session highs and trendline liquidity.
- A clean demand zone lies below a liquidity level, offering potential buy opportunities.
- The DXY has left imbalances below due to recent news, suggesting the dollar could decline temporarily.
Note: If price rallies up and breaks the current high, I would expect an upward continuation, as there's significant liquidity being built up above for GBP/USD.
Wishing you a successful trading week ahead!
GOLD BREAKDOWNA chart representation of what may happen on Gold in the week and beyond.
Monthly TF still looks significantly bullish as the Gold Market Price is currently still trading above the previous significant monthly lows. We don't need the price to just trade below but close below to ascertain the presence of weakness in the current bullish trend.
On the Weekly TF, price has shown a clear push signifying a building up in bearish momentum before and after the US elections last week. Nevertheless there is the monthly lows as support to hold off what sells we are seeing and resume bullish trend. Until the break of that area, we will only keep seeing the current push down as gathering liquidity to continue the preceding bullish pressure.
Coming to the lower TF, the chart clearly shows Possible rejection zones that may be used as indicated and based on special confirmations know to my trading style, I will be looking forward to join in for buys or sells where significant.
Fundamental - The uncertain nature of Trump's first approach upon assuming second term may stir trade tensions globally and mixed sentiments may have an effect on price volatility until his policy implementations are clearer.
EUR/USD Shorts from 1.09200 back down This week’s analysis for EUR/USD is somewhat different from GBP/USD. I expect price to continue dropping from one of the two supply zones I’ve identified. I’ll be watching for a potential Wyckoff distribution pattern to form at these zones. Once I see signs of distribution, I’ll look to enter short positions, targeting the liquidity pool below.
If, during the week’s election events, price drops to fill the gap left at Sunday’s open, I see potential for buys from the 1-hour demand zone. I’ll wait for signs of price slowing down and accumulating to identify good entry points for long trades.
Confluences for EUR/USD Sells:
- Price is approaching a premium supply area.
- Significant liquidity lies below, including untouched Asian session lows.
- The higher timeframe trend remains bearish.
- The DXY still shows strong bullish pressure.
P.S. Although there’s been a recent shift in character to the upside, I still view EUR/USD as bearish on the higher timeframe, especially with the dollar’s ongoing bullish momentum. I’ll observe price behavior within my points of interest to determine the best entries.
XAU/USD shorts from 2,760 or Longs from 2,720This week, my analysis suggests that gold may continue to drop, targeting the trendline liquidity formed below. Once that liquidity is taken out, I anticipate a bullish reaction, potentially around the demand zone I have identified. If the price retraces up to the supply zone, I’ll look for potential sell opportunities to follow this short-term bearish trend.
Since my overall bias is bullish, I am more inclined towards long positions due to the higher time frame outlook. However, if the price surpasses any of my nearby Points of Interest (POIs), I’ll watch for a deeper retracement around the demand at 2,680 or the supply at 2,780.
Confluences for Gold Sells:
- Price has shown a bearish shift on the higher time frame.
- Supply zones remain on both the 1-hour and daily charts.
- There is significant trendline liquidity below, providing a target for further downside movement.
- The dollar has been moving bullishly, which aligns with a potential drop in gold.
- Gold has been in a strong bullish trend and may be showing signs of exhaustion, hence the recent heavy decline.
P.S. I’ll stay vigilant and assess where the price moves first. If price breaks structure to the downside, I’ll have a stronger inclination to sell.
Have a great trading week!
FET Solid Long Entry & TargetA few untested KEY levels below would be a nice place to enter a long trade if we get the reaction we are looking for. The target would be the Value Area High & other untested KEY levels above.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.