Requested NQ Levels - NQ Bias chart
Just one of my charts requested by the two people who read. On the 4h time frame they DO NOT, and I'll repeat, DO NOT leave fair value gaps untested. The only one theyve left is from the August 5 Yen unwind, which was quite artificial. Anyway, not super bearish or bullish, just cautious at the moment. Risk reward for me plays out in a question that sounds like, "Do you want to risk -30% for another +10%?" or would you rather forgo the 10% and find something a bit more better value? Think that's how a lot of NQ stocks are being looked at end of year. Again not calling for a rug, but quite possible NQ lags the IWM for this next leg. We will see, anyway feel free to ask any questions the chart is a bit messy, like my brain.
Note
red = untested breakaway fvg = magnet
green = former ba that was tested at least once
Disclaimer
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.