NQ Plan For Monday 7-29-24NQ has sold off heavily recently. I see it making a very small move higher into the inefficiency (box), likely during Asia or early London session. From there I will be looking for short opportunities down to the internal low taking out 1 or more Sell-Side Liquidity levels. If we fully inverse that inefficiency then I will be looking for a long setup.
NQ1
US100 Outlook ICT ConceptsUS 100 Analysis
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Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US100, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡Previous Analysis Review:
In the previous analysis, we anticipated a sell-off from the all-time high (ATH). The price movement extended much lower than expected, surpassing various key levels.
📍Current Market Overview:
Currently, the price is around 19,044.3. The price has swept several key levels, including the previous week low, equal lows, and sell-side liquidity (SSL). There is now a noticeable reaction to the daily fair value gap (FVG).
🔍 Identifying Key Levels:
The chart highlights several significant levels and zones influencing the current market behavior:
• ATH: All-Time High
• PWH: Previous Week High
• PWL: Previous Week Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• EQL: Equal Lows
• Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
📊 Key Considerations:
• Current Price Position: The price is trading around 19,044.3, reacting to the daily FVG.
• Key Levels Swept: The price has swept the previous week low, equal lows, and SSL, indicating potential for a bullish reversal.
• Daily FVG Reaction: The price is reacting to the daily FVG, often acting as a support zone.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Retracement to Premium Level: We can expect a retracement back up into a premium level (above 50%) after sweeping key levels.
• Continuation of Reaction to Daily FVG: The reaction to the daily FVG suggests potential for a move higher.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
• Failure to Hold Above Daily FVG: If the price fails to hold above the daily FVG and starts to decline, further bearish movement is likely.
• Break Below Recent Lows: If the price breaks below the recent lows, it could signal a continuation of the downtrend.
📊 Chart Analysis Summary:
Bullish Expectation: The expectation is for the price to potentially retrace back up into a premium level (above 50%) after sweeping key levels and reacting to the daily FVG.
Bearish Expectation: If the price fails to hold above the daily FVG and breaks below the recent lows, further bearish movement is anticipated.
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Exploring US100 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
NQ | QQQ | Day trading plan 7-26-2024CME_MINI:NQU2024
Bullish Scenario
Immediate Resistance Levels:
Bullish Line: : 19,115.75
Target Price 1: 19,168.75
Target Price 2: 19,278.50
Strategy:
Entry: Consider entering a long position above the immediate resistance at 19,115.75.
Stop Loss: Place a stop loss below the nearest support at 19,041.75 to minimize risk.
Targets: Set targets at the resistance levels mentioned above. Partial profit-taking can be considered at each target level.
Confirmation: Look for bullish candlestick patterns or confirmation from volume indicators before entering the trade.
Bearish Scenario
Immediate Support Levels:
Bearish Line: 19,065.00
Target Price 1: 19,041.75
Target Price 2: 18,998.75
Target Price 3: 18,932.00
Strategy:
Entry: Consider entering a short position if the price breaks below the Bearish Line at 19,065.00.
Stop Loss: Place a stop loss above the nearest resistance at 19,115.75 to minimize risk.
Targets: Set targets at the support levels mentioned above. Partial profit-taking can be considered at each target level.
Confirmation: Look for bearish candlestick patterns or confirmation from volume indicators before entering the trade.
Summary
Bullish Entry: Above 19,115.75 with targets at 19,168.75 and 19,278.50.
Bearish Entry: Below 19,065.00 with targets at 19,041.75, 18,998.75, and 18,932.00.
Stop Losses: Adjust according to the nearest support/resistance levels to manage risk.
This analysis should be used in conjunction with other indicators and market conditions for a comprehensive trading strategy.
Thursday Trouble Crude OilWe are nearing the end of the week and have had some nice movement heading lower..
I have marked out the Previous Day Wick ( PD Wick ) If price is to retrace today for NY this is where I would expect it to stop and head lower / consolidate at least.
The Draw on Price are bellow :
Daily +OB
Daily EQL'S
DAILY FVG
The Implications of the US Unemployment Rate - It Is Higher Now What is moving lately? The US unemployment rate has edged up.
We can see from past cycles that when unemployment numbers started breaking above their downtrend, crisis occurred.
Micro E-Mini Nasdaq Futures and Options
Ticker: MNQ
Minimum fluctuation:
0.25 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
NASDAQ Held the 1D MA50 and is rebounding.Nasdaq (NDX) almost hit the 1D MA50 (blue trend-line) on Friday and immediatelly rebounded yesterday, in anticipation of high cap earnings starting tonight with Tesla and Alphabet. The 1D MA50 has been intact as the major Support of the Channel Up pattern since May 06.
The previous two Bullish Legs rallied at least +10.37% before the next short-term pull-back, so we are setting a new Higher High (top of the Channel Up) Target on Nasdaq at 21450.
Notice also the harmonic occurrence of the bottoms (Higher Lows) of the Channel Up as highlighted by the Sine Waves.
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Monday evening Pondering - Crude OilSo as I stated in my last post, we would have a short range day as per previous large ranged day.
We did attack the SSL as target 1 however Im looking at price heading higher to the BSL and 1hr FVG before we head down...
Lets see what Asia and early London does..
Will update nearer to NY for Turbo Tuesday...
NQ1! SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
NQ1! pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 20,320.25 area.
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Crude Oil BIAS - Monday So Friday Crude showed its hand to us and what it was really wanting to do.
Sell side hit and with that a large Daily Displacement.
We could expect a smaller range day today and with that said I am looking for short term BSL to be taken before to carry on to the sell side of the chart.
I have two targets marked out clearly for this weeks initial draw on liquidity and the BIAS.
Nasdaq Monthly Sell Set up ConfirmedHere I like this reversal shooting star candle on a monthly time frame where it confirmed a sell set up as of July 19, 2024 close. CME_MINI:NQ1!
Could be the beginning of a nasty crash; Black Swan Event.
Or a retracement before we continue on this bull run.
We shall see...
NQ E-mini FutureHi guys,
In this chart i Found a Demand Zone in NQ CHART for TRADING entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
US100 Outlook ICT ConceptsUS 100 Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US100, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡Previous Analysis Review:
In our previous analysis, we anticipated a break in the market structure (MSS). Following this break, we saw a retracement higher into the Fair Value Gap (FVG) before the price continued to move lower, as expected.
📍Current Market Overview:
At the moment, the price is situated at the 50% level of the range. We can foresee the price potentially expanding further downwards to target the Equal Lows (EQL) and the Sell Side Liquidity (SSL). Additionally, a tap into the Daily Fair Value Gap (FVG) is also within the realm of possibility before a move higher.
🔍 Identifying Key Levels
The chart highlights several significant levels and zones that influence the current market behavior:
• PWH: Previous Week High, indicating recent market highs.
• PWL: Previous Week Low, serving as recent support.
• MSS: Market Structure Shift, indicating a change in the market direction.
• SIBI: Sell-side Imbalance, indicating areas of market imbalance.
• Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe.
• SSL: Sell-side Liquidity, areas where sell orders are placed.
• EQL: Equal Lows, indicating levels of support and potential liquidity.
📊 Key Considerations
• Current Price Position: The price is currently trading around 19,704.9, after breaking the MSS and retracing back higher into the FVG before continuing lower.
• Range Midpoint: The price is in the 50% of the range.
• Daily FVG Reaction: The Daily Fair Value Gap is expected to act as a significant support zone if the price reaches it.
• EQL and SSL Levels: These levels below the current price are significant areas to watch for a potential retracement and liquidity grab.
📈 Bullish Scenario
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Expansion Lower: The price may expand lower to take out the Equal Lows (EQL) and the Sell-side Liquidity (SSL).
• Daily FVG Tap: A potential tap into the Daily Fair Value Gap (FVG) could provide support.
• Retracement Higher: After sweeping the EQL and SSL, and reacting at the Daily FVG, we can expect the price to go higher.
📉 Bearish Scenario
A bearish scenario should be considered if the following conditions are met:
• Minor Buy-side Liquidity Taken: For any short case scenario, we need minor buy-side liquidity (swing points) to be taken first.
• Continuation Lower: After taking out the buy-side liquidity, the price may continue lower.
📊 Chart Analysis Summary
Bullish Expectation: The expectation is for the price to potentially retrace lower to take out the EQL and SSL, tap into the Daily FVG, and then go higher.
Bearish Expectation: For a bearish scenario, we need minor buy-side liquidity to be taken out first before considering short positions.
Understanding these key levels and the current market behavior helps in making informed trading decisions.
🙏 Thank you for joining us!
Exploring US100 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Thursday Crude Oil ForecastYesterday we saw a nice rally creating a Daily +OB which I have annotated.
If price is to respect the 4hr FVG we will see price go higher to the marked target.
I am bullish today however to expect some form of retracement after such a move is understandable for the market to make.
Bullish is the motive.
NASDAQ Still a few weeks before it tops.Nasdaq (US100) has been trading within a Channel Up pattern since the November 2022 market bottom and at the moment is unfolding its 3rd major Bullish Leg of the pattern. Supported on the short-term by the 1D MA50 (red trend-line), the index is aiming for at least a +26.20% rise from the April 15 Low, as the 2nd Bullish Leg rose by 5% less than the first.
The price has entered its peak formation process on the Channel Up Higher Highs as the 1W RSI has been overbought (above 70.00) for a month, similar to when the top started forming in June 26 2023 and February 2024.
Our immediate short-term Target remains 21300 as per our previous analysis.
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NQ1! SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
We are going short on the NQ1! with the target of 19,448.50 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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