CME_MINI:MNQ1! Currently looking at NQ shorting opportunity's once price completely breaks 18,888. Once it breaks i will wait for a retest at the prior support level that will be testing as resistance marked off around 18,888. i believe we have one more strong bearish push before the market consolidates next week and correct itself.
Nasdaq is repeating itself time and time again. I strongly believe we will have a great break and retest opportunity to short the market. once the move happens, we will most likely consolidate next week or break back above and retest the support level fur great buying opportunity. creating the correction. I am currently bearish on NQ. looking for short-term buying scalps.
This was an explanation to my trade this morning, we won the trade with a 1:3 RR.
NQ is currently in a 4 HR range as well as a 1 Hour range, In the higher time frames we are bearish. I Will be scalping the market for buys if we get a MSS at the 1-hour support paired with a BOS and Demand set up. For shorts i will look for a Bearish BOS paired with a supply Order block to enter for shorts targeting a 1:3 RR or prior support/Resistance.
1 HR and 4 HR time frames are Bullish There is 1 HR and 4 HR Demand zones Price Broke Structure and is retesting Demand Zones for possible Bullish Run Wait for Your favorite Entry signal in Demand Zone Place SL below Demand Zone
1. Price seems to be in a pullback to a price reversal zone.