NQ Power Range Report with FIB Ext - 7/15/2024 SessionCME_MINI:NQU2024
- PR High: 20590.00
- PR Low: 20508.00
- NZ Spread: 183.5
Key economic calendar event
12:00 | Fed Chair Powell Speaks
Holding inside Friday's range, above the close
- Wide first hour (PR) range with high vol open
Evening Stats (As of 12:05 AM 7/15)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 269.80
- Volume: 28K
- Open Int: 261K
- Trend Grade: Bull
- From BA ATH: -1.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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
Widerangebar
NQ Power Range Report with FIB Ext - 4/11/2024 SessionCME_MINI:NQM2024
- PR High: 18190.75
- PR Low: 18160.00
- NZ Spread: 68.75
Key economic calendar events
08:30 | Initial Jobless Claims
- PPI
13:00 | 30-Year Bond Auction
Another margin increase from AMP for expected vol spike
- Potential daily inside print
- Holding near prev session close
- >100 points from prev session low
Evening Stats (As of 12:05 AM)
- Weekend Gap: +0.27% (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 252.47
- Volume: 22K
- Open Int: 256K
- Trend Grade: Bull
- From BA ATH: -2.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
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
PSNY Polestar EV Sector Penny Stock LONGPSNY ( www.nasdaq.com
production-race) as a niche EV manufacturer has a production schedule which rivals
LCID, RIVN FSR and others. On the 15 minute chart shows the trend down of price and
then a reversal deep in the undervalued and oversold area of the lower VWAP bands.
The MACD shows lines crossed and then ascending crossing over the zero line and
positive histogram. The dual time frame has consistent information with rising RS shown
in both time frames. Price has crossed over the POC line of the volume profile suggesting
buyers have predominated. I will take a long trade here targeting first VWAP at 4.55 and
then 4.75 the level of the double top of July 18/19 with a stop loss below the POC line
at 4.32 the stop loss of a dime compares with the profit potential as analyzed.
NQ Power Range Report with FIB Ext - 2/3/2023 SessionCME_MINI:NQH2023
- PR High: 12761.50
- PR Low: 12655.25
- NZ Spread: 238.25
Evening Stats (As of 1:25 AM)
- Weekend Gap: N/A
- 2/3 Session Gap: +0.61% (closed)
- 8/19 Session Gap: -0.04% (open > 13237)
- Session Open ATR: 290.60
- Volume: 39K
- Open Int: 276K
- Trend Grade: Bear
- From ATH: -24.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 12959
- Mid: 12392
- Short: 11820
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.
Wide Range Bar pattern and StrategyRecently , I have read about Wide Range Bar pattern. However I could not find any strategy based on that.
WRB paatern is to find the Wide bar from last 7 candles and take long position on next green candle ....
To test whether WRB 7 pattern , I have slightly adjusted to fit in my startegy ...
Instead of 7 bars , script will check last 5 candles
with 1.5 multi factor
RSI 3 to check whether price pulled to OverSold zone.
I call it as WRB5 and RSI3 strategy.
Entry
When WRB found in last 5 bars.
RSI 3 must be below 20 reading
wait for a green candle ( i.e close > open ) ( Note : wait cant be mmore than 3 candles. if more than candles , cancel the setup)
Exit when RSI3 reaches 80 level
Stop Loss : defaulted to 5% (purple line below the Long entery bar sow sthe stop loss)
Let me know what you think about this idea