Nasdaq Futures - Closing power hourConsider going long on Nasdaq Futures - Closing power hour.
Strategy: NY PM Power Hour Reversal
Entry Point:
Condition: Look for a bullish reversal candlestick pattern between now and 3:30 PM (e.g., hammer, engulfing pattern) on the lower time frame 1M, 3M. Confirm the reversal with increased trading volume.
Risk Management:
Set a stop-loss order below the low of the bullish candlestick pattern to limit potential losses.
Only risk a small percentage of your trading capital.
Use proper position sizing based on your risk tolerance.
Take Profit:
Consider setting a take-profit order at a predefined target, such as a resistance level or next DOL, for example, NY L high around 14970 or the current high at 15000.
Disclaimer: The information provided in this buy setup for TradingView is for educational and informational purposes only and should not be considered as financial advice. Trading cryptocurrencies involves inherent risks, and past performance does not guarantee future results. Always conduct your research and consult with a qualified financial advisor before making any investment decisions.
