NQ Power Range Report with FIB Ext - 8/13/2024 SessionCME_MINI:NQU2024
- PR High: 18652.25
- PR Low: 18628.50
- NZ Spread: 53.25
Volatility declining, inching above previous week high
- AMP raises margin requirements for expected PPI volatility
Evening Stats (As of 11:15 AM 8/12)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 465.32
- Volume: 10K
- Open Int: 235K
- Trend Grade: Bull
- From BA ATH: -11.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Volumedeclining
NQ Power Range Report with FIB Ext - 7/19/2023 SessionCME_MINI:NQU2023
- PR High: 15965.25
- PR Low: 15944.50
- NZ Spread: 46.25
Economic Events
08:30 – Building Permits
10:30 – Crude Oil Inventories
Grinding closer to ATH
- Volume declining for the week
- Volatile supply run in prev afternoon session
Evening Stats (As of 12:15 AM)
- Weekend Gap: Irrelevant
- Session Open ATR: 214.31
- Volume: 16K
- Open Int: 258K
- Trend Grade: Neutral
- From ATH: -4.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15533
- Short: 15247
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 4/27/2023 SessionCME_MINI:NQM2023
- PR High: 12969.25
- PR Low: 12949.25
- NZ Spread: 44.5
Evening Stats (As of 12:15 AM)
- Weekend Gap: +0.17% (closed)
- Session Open ATR: 195.88
- Volume: 17K
- Open Int: 249K
- Trend Grade: Bear
- From ATH: -22.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12959
- Short: 12392
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 11/22/2022 SessionCME_MINI:NQZ2022
- PR High: 11597.00
- PR Low: 11582.00
- NZ Spread: 33.5
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.10% (filled)
- 8/19 Session Gap: -0.04% (open > 13237)
- Session Open ATR: 323.94
- Volume: 18K
- Open Int: 244K
- Trend Grade: Bear
- From ATH: -30.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 12391
- Mid: 11820
- Short: 10678
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 11/10/2022 SessionCME_MINI:NQZ2022
- PR High: 10855.75
- PR Low: 10834.50
- NZ Spread: 47.75
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.77% (filled)
- 8/29 Weekend Gap: -0.18% (open > 13125)
- 8/19 Session Gap: -0.04% (open > 13540)
- Session Open ATR: 343.42
- Volume: 23K
- Open Int: 266K
- Trend Grade: Bear
- From ATH: -35.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 12391
- Mid: 11820
- Short: 10678
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 10/5/2022 SessionCME_MINI:NQZ2022
- PR High: 11645.50
- PR Low: 11616.25
- NZ Spread: 65.25
Evening Stats (As of 12:30 AM)
- Weekend Gap: -0.26% (filled)
- 8/29 Weekend Gap: -0.18% (open > 13125)
- 8/19 Session Gap: -0.04% (open > 13540)
- Session Open ATR: 338.04
- Volume: 33K
- Open Int: 270K
- Trend Grade: Bear
- From ATH: -30.9% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 12391
- Mid: 11820
- Short: 10678
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 8/25/2022 SessionCME_MINI:NQU2022
- PR High: 12956.50
- PR Low: 12940.00
- NZ Spread: 37.0
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.18% (open > 131250)
- 8/19 Session Gap: -0.04% (open > 13540)
- Session Open ATR: 272.02
- Volume: 16K
- Open Int: 258K
- Trend Grade: Bear
- From ATH: -22.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13794
- Mid: 13531
- Short: 12959
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 8/12/2022 SessionCME_MINI:NQU2022
- PR High: 13347.75
- PR Low: 13318.75
- NZ Spread: 65.0
Evening Stats (As of 1:00 AM)
- Weekend Gap: N/A
- Session Open ATR: 311.22
- Volume: 16K
- Open Int: 258K
- Trend Grade: Bear
- From ATH: -20.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 13531
- Mid: 12960
- Short: 12057
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 7/28/2022 SessionCME_MINI:NQU2022
- PR High: 12587.50
- PR Low: 12571.00
- NZ Spread: 26.75
Evening Stats (As of 12:15 AM)
- Weekend Gap: N/A
- Session Open ATR: 328.64
- Volume: 20K
- Open Int: 255K
- Trend Grade: Bear
- From ATH: -25.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 12959
- Mid: 11820
- Short: 10680
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 7/19/2022 SessionCME_MINI:NQU2022
- PR High: 11928.50
- PR Low: 11900.75
- NZ Spread: 62.25
Evening Stats (As of 12:00 AM)
- Weekend Gap: = +0.20% (filled)
- Last Weekend Gap: = -0.09% (range 12149-12159 filled)
- Session Open ATR: 338.06
- Volume: 20k
- Open Int: 250k
- Trend Grade: Bear
- From ATH: -29.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 12390
- Mid: 11820
- Short: 10680
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 6/3/2022 SessionCME_MINI:NQM2022
- PR High: 12945.00
- PR Low: 12893.00
- NZ Spread: 116.50
Evening Stats (As of 12:30 AM)
- Weekend Gap: = -0.10% (filled)
- Session Open ATR: 427.46
- Volume: 26k
- Open Int: 260k
- Trend Grade: Bear
- From ATH: -23.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14105
- Mid: 12960
- Short: 11480
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
ONE/USDT Update: Breakout of falling channel. Regaining 0.5 Fib OneHarmony broke out of its descending parallel channel indicated by the yellow lines.
According to Fib Retracement levels we even touched the 0.7 line to finally find some support.
ONE then regained the important 0.5 Fib level and currently struggles to go beyond the 0.3 level.
So the recovery is bullish while the continued drop of volume indicates less interest.
If we break the violet line we suggest to get support around the new possible entries indicated by the boxes.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
LAZR- Potential long-term betLAZR's Lidar technology is a potential game changer. It can have far-reaching impact on numerous industries and it has numerous applications such as autonomous vehicle, drone and robot...etc. The addressable market will only continue to grow in the foreseeable future as the adoption rate accelerates.
That being said, autonomous vehicle is still at least 5 to 10 years away from gaining any real traction so LAZR is a risky long-term bet.
Open a small position in the demand zone and just let it ride.
Just my two cents. Not the financial advice.
EURJPY Rising Wedge|Local S/R|.618 Fibonacci|Bearish DivergenceEvening Traders,
Second Analysis – EURJPY – trading in a rising wedge formation where a breakdown is probable.
Points to consider,
- Price Action Bearish
- Local S/R Resistance (.618 Fibonacci Confluence)
- 200 MA immediate support
- Oscillators Divergence
- Volume Declining
EURJPY’s immediate price action is bearish, trading in a rising wedge; this allows us to have a bearish bias on the market.
Local S/R is current resistance which is in confluence with the .618 Fibonacci; price action is likely to respect this level upon first test.
The 200 MA is immediate support, breaking this bearish will make the next trade location the 200 EMA which is in confluence with the .382 Fibonacci.
Both oscillators have a valid bearish divergence, this is indicative of momentum shifting in the immediate term.
Overall, in my opinion, EURJPY is a valid short with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“Win, loss whatever emerges in the short-term, place and manage your next trades untouched, unattached... always keeping your eyes on the long-term picture.”
― Yvan Byeajee