First thing to note is them (NQ) HHs and HLs after that BUD formed. She struggled a bit but it was just a bullish vibe all through. Never broke past yesterday’s 20. Now, she’s at a previous resistance (12309) wondering if she’ll break past it. Will the thursday’s 3/9 break?
Note
New day; Back on this GRIND. Applying a lot I've learnt so far.Note
A BED (bearish divergence) showed up. Now I see a pull or even a possible reversal happening. Making my BUY setup null. I’d see if the 50 breaks and where she end. Another waiting spree for me. Note
In NQ this month, The London has been pretty quiet. Most of the moves happen after 13:00. Then 14:30 too just comes with it’s madness—till maybe 20:00.Trade closed: target reached
So after waiting for roughly 9 hours. I got a TRIGGER and she went well. A break past the previous HH after creating a BED + HL. I’m slowly building that patience of waiting. I think this is the most I’ve waited (might be wrong though). But yeah, Great wait. Worth it!Note
Something I put at the back of my WEIRD mind is: NQ’s 50 is 13k and her 20, 11k. If she’s trading above the 20 but below the 50 can only mean one thing, HL has been created on the HTF and HLs are bullish structures. But then again, there’s no assurance since she’s below the 50 ;]
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.