NASDAQ Long into Market OpenWe got a long signal on the hourly on market close for NASDAQ mini futures! If you like our chart, make sure to hit the LIKE button! Your support is appreciated.
SUMMARY: We got a confirmed long signal on NASDAQ 100 Mini futures (NQ1!) on market close. This gives us what will hopefully still be an actionable long entry on market open.
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STRATEGY USED: Silver Scalper
Trend Confirmation = Range MA
Entry Signal = Bull/Bear Power
Exit Signal = Bull/Bear Power OR Range MA
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DESCRIPTION:
1. We have gotten a long signal on NQ1! from our Silver Scalper strategy on the hourly timeframe as our Range MA shows an uptrend (background Green) and our Bull/Bear has given a long signal.
2. You can consider entering long on market open if we open with only a slight deviation from the previous close. If we do not, you can skip the trade.
3. If an entry makes sense, you can remaining long until we get a Bear signal from Bull/Bear or Range MA shows a downtrend (background Red).
4. First level to watch to the upside is the top of the previous range at S1.
5. First level to watch to the downside is the range at R1 which was reinforced by the previous bottom.
6. Although S1 and R1 are levels of interest, we will only be trading based off the strategy here, and that means we only exit on a Bear signal or on a cross below the Range MA (which would signal a change in trend).
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