


12.20.24 Market has swept both side of the wolfe wave. now to see if it retests the 21257 area and then continues down, or if it moves back up inside the range
12.13.24 Premarket prev 4-h candle is almost identical to yesterdays. Range has increased slightly. Therefore, I believe we will continue in a range today. Other ideas are this could become a doubletop on the four hour. If it breaks and holds above previous all time high, there is still much room to run.
12.9.24 NQ 4-Hour Chart Observations- Price has been in another range/ upward channel since 11/15. Series of rounded top retests that stay well above the 20 show how strong this trend has been. This trend could continue, next bull target 21800. If bearish, first see how price reacts to 20 ema. wolfe wave target at 21204 area. Baby bearish fvg forming at 21630.
NQ met the bullish target from yesterday. NQ again in tight premarket range, possible trend day again today. This time I have a bearish bias, possible retracement of yesterdays move.
Pre-market 4-hr candle very small range this am, usually suggests a big directional move today. If bullish, target is 21265, if bearish 20779. My bias is bullish, but we shall see.
11.22.24 NQ 4-Hour Chart Observations- Price has been in a range/ upward channel since 11/15. Typical range trading of sweeping both sides of price, bouncing off the 200 ema. No sign of leaving range yet. If bullish- target is all time high, if bearish- retest bottom of last bull run at 20041 area.
11.11.24 4hr chart observations. Pullback expected after strong bull run to all time high. Possible 1st target 20 ema/fvg in 21068 area.
11.7.24 4hr chart observations. 200 ema was broken retested. price could not break small fvg below in 20047 area, so a small bear trap was formed. Once price again came above 200, stong bullish run began. still have not tested all time high.
10.30.24 4hr chart observations. 200 ema was broken and price is holding underneath. We seem more firmly in bear territory now. For extended lower targets I looked to the daily fvg around 19883, and much farther down the daily 200 ema around 18861. Currently in a range between bullish 4hr fvg and bearish fvg
10.30.24 4hr chart observations. Dramatic run to bear side. If truly bearish the 200 ema must be broken, and then price hold below. We could be in for more big moves, or a new range will form. If bullish, all time high has still not been tested at 20978. We are still inside a retest of the large bullish orderblock from Oct. 23
10.30.24 4hr chart observations. Price currently bullish, price could continue upward to test all time high. If bearish the 200 ema must be broken. We could be in for more big moves, or a new range will form.
10.26.24 4hr chart observations. Price meeting resistance at top of recent high from Oct. 14th. If bullish, price continues upward to test all time high. If bearish the 200 ema must be broken. We could be in for more big moves, or a new range will form.
10.25.24 4hr chart observations. Market steep move up to firmly negate the bearish fvg . If bullish, price continues upward to test all time high. If bearish the 200 ema must be broken. We could be in for more big moves, or a new range will form.
10.24.24 4hr chart observations. Price finally tested 200 ema, nice rejection back up to the bearish fvg. now to see if range forms between the 200 and the fvg, or if price continues upward to test all time high.
10.23.24 4hr chart observations. Price consolidating after big move up (day 7 of consolidation). Market waiting on direction. If bullish, range up to 20,580 area to close large fvg, and then test all time high above. If bearish, 200 ema needs to be tested eventually at 20,090 area. 200 ema has been increasing by a steady 30'ish points per day.
10.22.24 4hr chart observations. Price consolidating after big move up. Closed the New smaller bearish FVG. Bullish baby gap formed. Market waiting on direction. If bullish, range up to 20,580 area to close large fvg, and then test all time high above. If bearish, 200 ema needs to be tested eventually at 20,016 area.
10.21.24 4hr chart observations. Price consolidating after big move up. New smaller bearish FVG formed. Market waiting on direction. If bullish, range up to 20,580 area to close large fvg, and then test all time high above. If bearish, 200 ema needs to be tested eventually at 20,016 area.
10.18.24 4hr chart observations. Price consolidating after big move up. New smaller bullish FVG formed. Market just barely failed to close large bearish FVG yesterday. If bullish, range up to 20,580 area to close fvg, and then test all time high above. If bearish, 200 ema needs to be tested eventually at 20,016 area.