Trend down NQ1!The chart is a technical analysis visualization for the NASDAQ 100 E-mini Futures on a 1-hour timeframe. Here's a detailed breakdown:
Price Levels:
Current price is 21,762.50 with a slight bullish movement (+55.75, 0.26%).
Buy and sell markers are indicated, showing real-time bid/ask volumes.
Signals & Indicators:
Mixed time frame signals:
Bearish on 5m, 240m (4-hour), and 1D (daily) timeframes.
Bullish on 15m and 60m (1-hour) timeframes.
EMA (Exponential Moving Average): Marked at 21,708.59, providing dynamic support/resistance.
Volumetric VIDYA and other overlays (AlgoAlpha, Zero Lag Signals) are showing areas of potential buy/sell momentum.
Volume:
Volume Delta is shown near the recent buy signal (Buy: 342.824K, Sell: 385.028K, Delta: -11.60%).
Colored histogram at the bottom indicates trading activity and Average Daily Range (ADR) = 36.47.
Support & Resistance Zones:
Key resistance areas are plotted at purple levels (H4 and H1 timeframes) near 22,000.
Support levels (marked as L3 W, L4 W, etc.) are below 21,000, with arrows pointing to potential downside targets.
Technical Pattern:
Possible wedge/triangle breakout with recent bullish momentum.
Price appears to be retesting the EMA and heading towards a resistance zone.
Arrows and Commentary:
Blue arrows suggest potential price movements: one pointing towards resistance above 22,000 and another downward towards support near 20,800.
This setup highlights a neutral to slightly bullish bias in the short term but cautious due to overarching bearish signals on higher timeframes. Further confirmation is needed at key levels.