MMBM Using Fractal ConsolidationsFractal consolidations MMBM we can see how price is gravitating towards multiple HRLR (red boxes) and will probably find some sort of resistance around these levels
MNQ1! trade ideas
Friday analysisToday we don't have high impact news that can affect our market. I am waiting for sellside liquidity to pick up and then I will look for a buy entry. It's Friday. Be careful, the market can fool us. It's recommended that Monday and Friday we don't trade, but I hope we get lucky
20240913 NQPrice is meandering around MNO. It is very nice consolidation. I anticipate some SandD PA with ss raid of LRS ss and move to the upside before the HI news at 10am or around that time. => after bs raid is in place I anticipate downside reversal within TGIF narrative.
Nq1! Nasdaq Long term ForecastWhile many switch to a bullish bias for CME_MINI:NQ1! because of expectations of a interest rate cut on 18th of September, I remain bearish because markets price in before these events and the rate cut was expected for a long time.
We see on the daily chart a double bottom, which is market makers' favorite liquidity to take out.
Again on the daily chart, we see that price took out the buy-side liquidity and now is in the Daily Optimal Trade Entry of the last down move.
I expect to see the double bottom to be taken out in the upcoming weeks.
Please note that this can take a lot of time and we can still see a full recovery to All Time Highs before we take out the double bottom.
You can boost the idea for free if you have a paid plan and if the idea helped you.
Thanks for reading I wish you all good and safe trades.
NQ Power Range Report with FIB Ext - 9/13/2024 SessionCME_MINI:NQU2024
- PR High: 19446.00
- PR Low: 19413.25
- NZ Spread: 73.25
No key scheduled economic events
Continuing to push auction above daily Keltner average cloud
Session Open Stats (As of 1:45 AM 9/13)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 403.49
- Volume: 19K
- Open Int: 228K
- Trend Grade: Bull
- From BA ATH: -7.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
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
ES + NQ Fib Retracement ExamplesI don't use fib retracement levels much, but when we get a big move up or down I've found they can be quite useful for determining where a pullback or rally may reverse. We just had a great example of how you can use these retracement levels for practical trading purposes. ES and NQ both sold off in early August before retracing the entire move shortly after. After the recovery and pullback, we had a well established range to use for fib retracement. We can use the low from August and the high from late August before the early September sell off.
By default on most platforms like TV, you will have 5 retracement levels. In my experience, I have only found the 38.2%, 50%, and 61.8% levels useful so those are the only ones I put on my charts. We got a perfect 50% retracement on ES before a 200 point bounce, which also coincided with 5400 and other support levels. For NQ, we have a perfect 61.8% retracement, which was also near where the sell off in early August started. There was a lot of reasons to think we may have support in that area, but fibs were a great confirmation on their own.
This is another very simple strategy you can use to optimize entries and exits, but you don't want to overuse or overcomplicate these things. You need a big rally or dump like we saw, there needs to be volatility and a solid range established. Once you have that, you can begin to look for fib retracement levels that coincide with your other support and resistance levels.
Nasdaq if fell from here, won’t stop easily Hello everyone! I am giving nasdaq last chance to make new bearish leg, we should wait for market structure shift in order to enter sell. Watch closely
Core PPI m/mTurns out that after I had Core PPI at 08:30, I got sellside liquidity. We have patience to see what happens. Today I tend to bullish as we are bullish. But I will keep you updated if anything changes.
NQ Power Range Report with FIB Ext - 9/12/2024 SessionCME_MINI:NQU2024
- PR High: 19249.75
- PR Low: 19226.25
- NZ Spread: 52.5
Key scheduled economic events
08:30 | Initial Jobless Claims
- PPI
13:00 | 30-Year Bond Auction
Lifting back into daily Keltner average cloud
- Finding supply above previous session high
- Holding above 19300
Session Open Stats (As of 12:45 AM 9/12)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 414.47
- Volume: 27K
- Open Int: 238K
- Trend Grade: Bull
- From BA ATH: -7.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
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 Chart Idea - Swing Long Trade SetupNQ made triple bottom in Oct, Nov and then in Dec 2022. Since Dec 2022, NQ made a diagonal support line which was briefly broken on Aug 5th dump but then closed the week above this support line. In that dump, it made a double bottom at 17350 which is super bullish. 17530 was also a 0.382 fib level which was tested and respected as it didn’t close any candle below that level. I am personally with this PA as well as market fundamentals. Below are just two target prices that I am showing but I will want to ride this trade until 20350 after updating my SL in green.
Swing Long Setup
Entry: 19000
TP1: 19600 (0.618 fib retracement level)
TP2: 19700 (Major resistance)
SL: 4Hr candle closing below 19650
RR: 2:1
NOT A FINANCIAL ADVICE! DYOR
Chart Idea - NQ Swing TradeBeautiful Descending Broadening Wedge formed on Daily TF. Too bullish once breakout gets confirmed.
Entry: 19500
SL: 19000
TP: 21000
NOT A FINANCIAL ADVICE!!
------ DYOR ------
2024-09-11 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
tl;dr
Indexes - What a bear trap that was. Many decent double bottoms and then straight up melting. Many markets did not even touch the 3m 20ema on the move up. Bulls took full control again imo and I expect the highs to be retested, if not broken. SP500 the strongest of the ones I trade. Very very low chance of this being a bull trap after a bear trap and we reverse hard tomorrow but at this point of the chop, I won’t rule anything out.
nasdaq e-mini futures
comment: I try to stick to the only important pattern for me right now. Huge triangle, fits the unclear and erratic direction of the current price action. 19600 will likely be tested again because bulls just bought too strongly today. I’d be surprised if we break above 19700 though. If we do, no reason not to print 20000 or a new ath.
current market cycle: trading range - triangle on the daily chart
key levels: 18300 - 19800
bull case: Bulls trapped many bears today and printed a nasty reversal. I think most bears already gave up and we are free to trade to at least 19600. Problem with longs is the stop. Right now you would have to do 18600 and that’s just dumb. So should you wait for a pullback? Yes.
Invalidation is below 18900.
bear case: Do bears have any arguments until 19600? I don’t think so. There is a minor trend line running 19300ish but its weak. The bigger trend line from the ath is more likely and there I expect more resistance from the bears. If bears somehow manage to drop it below 18900 again, market is probably neutral again.
Invalidation is above 19300.
short term: max bullish for 19600, if bulls come around again tomorrow. Would like to see a pullback to the 1h or at least 15m ema.
medium-long term: This climactic blow off top is/was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months. —unchanged since 2024-06
current swing trade : Nope.
trade of the day: Buying 18600 was profitable since Monday.
NQ Analysis by Ray, he is 8 years old - 19180 HIT, Next 19700NQ Futures - Ray posted yesterday his targets, 19180 was pierced today! Ray does all charts himself and demo trade... His next target is 19700 liquidity pool. He give all credit to his mentor ICT who he has been following on YT since 2 years.
OHLC Statistical Mapping Long modelThere is a diffrent type of model, I used -Distribution as my entry and Stop-loss below protected low abd I targeted +Distribtuion
Simple as that
NQ ShortBeen looking for liquidity to be ran above this high will be looking for shorts once we break above.
NQ Bearish Butterfly I don't generally track patterns such as butterfly's but this one seemed to standout to me, with the coordinates matching up quite well with our fibonacci levels.
Although a bit extreme, the butterfly is showing us a potential upside of 15-20% before reversing it all back down.
This will be something for me to keep in mind moving into the rate cuts, a potential sell the news event.
Let's see how it plays out.
NQ LongTaking my second entry didn't even look at the first entry with the volatility of price got a nice limit off the news move
NQ long EntriesTwo potential entries first entry may not get the full move but will prob get some momentum out of it. looking for the move back to premium to attack buyside liquidity.
Core CPI m/mToday we are bullish. That's the analysis for today. Be careful because this is a news of great importance. Be patient for another 15-30 minutes before trading.
Nasdaq (NQ): Nearest Support Line 1000 Points AwayThe Nasdaq (NQ) is far from its nearest green line support, sitting a full 1000 points away. Traders should monitor how price behaves in the current zone, as a move toward this distant level could set the stage for a significant shift. Will the market hold, or is a deeper pullback coming?
Drop your thoughts below and follow for more updates as the market unfolds!
*Disclaimer: This is not financial advice. Always trade responsibly!*
