Long

NASDAQ-Feb 2024 3 Days remaining!

Updated

Nasdaq seems on a fast track to close Feb 2024
And still a lot can happen in 3 days, which is the remaining time left to close the month.

One key point to make:
While Price continues to deliver within Bullish structure.
Weekly Price has been unable to close above 18071.
Current momentum is expected to continue to push price higher, but noting price's inability to close a weekly candle above this price area will open the possibility of repricing down.

It is what it is till its not
Price is expected to continue its up-close trend until it shows clear indication of weakness.

Looking for a possible Bearish Mon-Tues structure, setting the stage for Bullish continuation Wed-Thu.

Note

Price momentum carried price Higher on Monday. At least it kept within range.
Expecting price to attempt to take yesterdays highs.
Failure to hold this will result in a downside rebalancing-NOT A FLUSH!
If Mondays Highs are held then you can expect for prev highs to be next target.
I would still like to see some sort of rebalancing down at the beginning of week. Yet we have a few days remaining in Feb and price needs to deliver.

Note

Do we test lower band of range?

Note

Just allow this accumulation to take place
The more you attempt to fight this the more you will lose.
clean price action=big profits
JUST WAIT!

Note

Still in tight accumulation...Notice the Fair Value lower band (Ranges'Low)
How it is being respected

Note

Small Value area shift

Note

If you are impatient then do not even look at this...
Come back tomorrow

Note

We are still not done this is the last day of Feb

Note

We came up short in the attempt to reach for highs

Note

Well well we are up for another attempt

Note

NQ has closed the month of Feb and so will this thread

Do not fight momentum...
-IT IS WHAT IT IS TILL ITS NOT-

Trade closed: target reached

JP_Tru

DO YOUR OWN RESEARCH!!!

linktr.ee/tru.capital

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