Bullish Idea/ Chart Review for NMQU2024 08/16/2024Here are my thoughts and ideas for this past Friday's trading day. These posts are for my journaling process so please let me know what you think.
UNF1! trade ideas
MNQ weekly update MNQ is currently sitting at the 61.8% Fibonacci retracement level. Based on technical analysis, the bulls appear to be in control. There is a wide-spread bullish candle with above-average volume, and the price has bounced off the 40 EMA, which also acts as a confluence. This week will be a test of the 61.8% level, and it will be important to observe how the market reacts around this key area.
This is my Bullish Chart review NMQU 2024 (08/15/2024) 15 min.This is a bullish perspective on the NMQU 2024 contract. This is for my own personal journaling. please let me know your thoughts.
NQ Power Range Report with FIB Ext - 8/19/2024 SessionCME_MINI:NQU2024
- PR High: 19673.75
- PR Low: 19614.50
- NZ Spread: 132.25
No key scheduled economic events
Relatively low vol open to start the week
Session Open Stats (As of 10:35 PM 8/18)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 436.52
- Volume: 15K
- Open Int: 230K
- Trend Grade: Bull
- From BA ATH: -6.3% (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 Bullish ATH incoming After last weeks expansion move from the manipulation of 02 may 2024. Creating an SMT
with ES! In the beginning of the month of august.
FIbb drawn out from the sweep of that candle low (02may) to the next 3 candles following it.
2.0 /2.5 is targeted for the HIGHS.
This week has FOMC this wenesday.
Monthly Candle has flipped green looking for an expansion this week towards the highs if not next week.
Anticipating this week to OLHC.
Current Sunday ASIA Session creating an SMT at the highs above NWOG with ES!.
I am expecting monday or tuesday to put in a low to set up another trending week up.
Nasdaq ObjectivesGoing into this new trading day, these are my Targets. I want price to respect that New Week Opening Gap. It can drop again into it, it can fill in that range, etc. However I want that price range to support price. So price cannot got below Last Fridays Afternoon low, otherwise I'd have to reconsider the trade idea and wait.
side waysthis picture shows the data of a side market which means the price point is bouncing up and down on the line until it breaks out now these can be beneficial if you use them correctly
8.18.2024 Weekly Pre-Market Analysis NasdaqRight now we are Bullish ONLY if the Nasdaq breaks the 4 hour zone. If it holds under the zone, breaks the up trend line and forms lower lows and highs, then we will look to go shorts.
Targets are in place.
NQ1! BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
NQ1! is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 17,296.75.
✅LIKE AND COMMENT MY IDEAS✅
NQ - Risking It For Buyside Biscuit 7 consecutive days of bullish price action, attacking all previous arrays, balancing prior weeks price range but failed to peak it's head above buystops @ $19,717.
$19,718 is my first target in my narrative, with the volume imbalance at $19,883 being my second point of interest.
Very similar to ES, NQ has to put in work if it wants to rival with Gold's run up into all-time highs.
NQ Rejection from PRZ - Sell below HL on 15 min TF15 min time frame
Rejection from PRZ 19680
Entry below the HL
SL above the highs
TP based on risk taken
1:1 RR Trade
20240816 NQI anticipate 4h bisi to provide support for AMS PA and upside move to make the w bs raid. When the 8.30 HI news effect evaporates the PA is to show sings of reversal in IOF. TGIF - is the narrative for this anticipation. There is HTF narrative of the election year which leads into Bullish BIAS, that is why it is worth of waiting for more signs change in IOF.
NQ Power Range Report with FIB Ext - 8/16/2024 SessionCME_MINI:NQU2024
- PR High: 19612.25
- PR Low: 19560.75
- NZ Spread: 115.0
No scheduled significant economic events
Auction into higher supply continues
- Breaking above daily keltner average cloud
Session Open Stats (As of 1:45 AM 8/16)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 454.96
- Volume: 26K
- Open Int: 236K
- Trend Grade: Bull
- From BA ATH: -6.3% (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
20240815 NQI anticipate SandD for the Thursday => so Friday will have possibility to make the final HOW and that be a nice environment for the TGIF downside. The time aspect is very important because if there is no downside displacement up to 9.30 then this day can be just another
Week of August 11 - NQ/VIX/CL/10yrWowza, what a week we just had!
Sunday night the Yen carry trade started to unwind in a magnificent fashion.
We came in on Monday morning with the NDX down 1k handles, and the VIX at 60. Most of this has corrected itself as NQ actually closed the week +60 handles - but there is something more sinister at play I fear.
This week is going to be a HUGE DEAL for the weekly charts - as I think we are setting up into the final parabolic move into the election.
The Nasdaq opened the week down 1k handles on Monday morning, and the dip was properly bought. The 17,340 area is a BIG deal as it marks a quarterly and weekly low.
Where we closed on Friday 8/2 had me REALLY bullish coming into last week - but the damage that was created on the charts from Sunday nights sell-off cant be ignored.
The REALLY SNEAKY part here- it that we now have bear flags on the daily and h4 charts for NQ - and they closed us up here just to fill the opening weekly gap and volume imbalance.
We could see them spike this another 400 handles from here - and it wouldn't invalidate the sell case. Bottom line - I can't buy until I see them run those HUGE equal lows on the quarterly/weekly charts down at 17,340. Once we do that, I will be looking to get VERY LARGE in longs to ~24k area for the final blow off move on NQ.
The VIX had quite the week - it was up ~ 60 when we came into the cash open on Monday morning - the highest weekly level since the pandemic panic spike.
That said, the weekly chart has completely broken out - and I want to view this as a backtest. There is a small weekly FVG that will form on Monday for the VIX to drop and fill - but I am viewing this as an area I want to see the VIX hold - as I believe they will drop the indexes from here for one more flush - just before the final long.
Crude Oil actually had a REALLY nice week last week.
The lows were set Monday morning, and oil never looked back. I am looking for oil to continue it march up to the 79 area for the backtest.
We need to reject 79 with vigor and star the march lower for oil as the global economy slips into recession - as oil and the bond market are already aware.
The 10yr bounced at a very predictable place and has now begun its backtest. I am looking for the 10yr to sweep last weeks highs, before resuming its march lower as we head towards autumn and into a global recession.
So here is the setup I am watching for this week;
I want to see NQ sweep the lows of last week - this is a MASSIVE level on the quarterly and weekly charts - there is TONS of liquidity down there that Market Makers can use to sweep and order pair long for the final parabolic leg higher.
I want to see the 10yr bounce to sweep last weeks highs - and then continue to make fresh lows. We took out December lows last week.
I want to see oil continue it march higher to the 79 level to complete the weekly structure backtest - then drop due to weakening global macro.
Until next week - We'll be watching.
NQ / NASDAQ📉 NQ1! Analysis: Potential Short-Term Correction 🚨
The NQ1! chart indicates a potential pullback as we approach the key date of August 22, 2024. The current trend suggests that the market might experience a decline, with a local bottom expected around this date.
Traders should prepare for a possible correction, which could provide an optimal entry point for those looking to position themselves ahead of the next potential rebound.
#NQ #Nasdaq #StockMarket #Trading #MarketAnalysis
NQ Power Range Report with FIB Ext - 8/15/2024 SessionCME_MINI:NQU2024
- PR High: 19150.00
- PR Low: 19121.25
- NZ Spread: 64.25
Key scheduled economic events
08:30 | Initial Jobless Claims
- Retail Sales (2x)
- Philadelphia Fed Manufacturing Index
Previous session closed maintaining Tuesday's highs
- Inching value higher into daily Keltner average cloud (20 & 32)
Session Open Stats (As of 11:45 AM 8/14)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 455.33
- Volume: 19K
- Open Int: 239K
- Trend Grade: Bull
- From BA ATH: -8.4% (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
Why I Consider This Short Setup to be One of the Best EverI've been watching this NQ setup for a couple of weeks now ever since it broke below its major uptrend from 2023. That was a big move down, but after only a couple of weeks, NQ is back for the retest just like I was hoping for. There are many things that make this a fantastic setup in my eyes, but the risk/reward is also great because you are entering right on the level if it breaks against you, you can exit quickly with minimal damage.
On the other hand, if this works and it ends up being a major top on NQ, you could hold comfortably for months and watch the cash flow in assuming the trend continues, which is what stocks usually do.
TLDW: Multi-year pattern breaks and retests on the major averages and many stocks including the mag 7 and semis. Everything is seemingly at major multi-year trend tests at the same time, so I expect fireworks here. My bias for now is short, but we'll find out soon enough if I'm going to need to take a loss and flip long or not. Remember, a multi-year pattern can take weeks or possibly months of consolidation before a breakout, it doesn't always happen in a day or a week.
We may have some big red days, but this trade is more about the belief that regardless of short term fluctuations in price, we will trend lower for the foreseeable future. We'll see how this one turns out.
NQ/ZN pairDecided to do a fib retracement of nq/zn on the daily just for giggles. Interesting "pivot" close by.
2024-08-14 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well
tl;dr
Bitcoin - Market is currently in balance 57500 - 62000. No more magic to it. We are in the 7th consecutive day where Bitcoin could not close above the daily 20ema. One side will give up tomorrow.
comment: Last bull trend line is broken and market is moving sideways since last Thursday. Bears keeping it below 62000 which is very important but bulls still buying the dips. Market is currently in balance 57500 - 62000. No more magic to it. We are in the 7th consecutive day where Bitcoin could not close above the daily 20ema. One side will give up tomorrow. Promise.
current market cycle: bear trend until bulls can break above 63000. Below 57500 we will retest 50000.
key levels: 57000 - 62000
bull case: Bulls buying the dips but are failing too much at the daily ema. Tomorrow one side will give up. Bulls need a strong move above 63000 to close the bear gap.
Invalidation is below 57500.
bear case: Can’t make stuff up when market is moving sideways. Clear key levels given. Bears need a strong move below 57500 to make the bulls give up and retest 50000.
Invalidation is above 62000.
short term: full bear mode until we reach 40000 or break above 63000
medium-long term: down to 40000 (could take 1-3 months). Could also drop to 20000 again but let’s make 40000 first and see how many want to buy there. —unchanged since March, obviously updated the time range which was 6-9 months before. —
current swing trade: None
trade of the day: Selling 61400 has worked since Sunday.
I wish tradingview make papertrade daily progress easy visible I wish that tradingview make papertrade daily progress easy visible acces in 1 spot somewhere.
1/3 ADR- targeting OHLC STATISTICAL MAPPING -MANIPULATIONanother day another setup basicaly I described the setup in my title lol
1/3 ADR- targeting OHLC STATISTICAL MAPPING -MANIPULATION
Rinse & Repeat
