Emini NasdaqThis analysis if for tomorrow price will touch the small blue line then reverse to fill the gap or touch the trend line
MNQ1! trade ideas
NQ ShortLooking to short NQ at the 15m FVG that was created after the price run will look for a reaction and play it on the smaller time frames.
NQ Open Levels for SMCHere we are at open 925 is lingering above.. we need to hit it but we opened in a premium and the mid point gap sits around 730 so we may well make that swing first and get footing for the move up today or tomorrow.
Other noted levels for SMC are here for your consumption..
Letting first 20 minutes shake out.. i like to be in and out or trailing by 10:30
Happy Trading -- Doc
Elliott Wave View on Nasdaq (NQ) Calling the Next Bullish Leg upShort term Elliott Wave view on Nasdaq (NQ) shows that rally from 8.5.2024 low is unfolding as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 20025.25. Pullback in wave (2) ended at 18338.45 with internal subdivision as a double three Elliott Wave structure. Down from wave (1), wave W ended at 19140.25 and wave X ended at 19693.50. Wave Y lower unfolded as another double three in lesser degree. Down from wave X, wave ((w)) ended at 18825.75 and wave ((x)) ended at 19150.50. Wave ((y)) lower ended at 18338.45 which completed wave Y of (2) in higher degree.
The Index has turned higher in wave (3) with internal subdivision as a 5 waves impulse. Up from wave (2), wave ((i)) ended at 18927.5 and pullback in wave ((ii)) ended at 18547. Wave ((iii)) higher ended at 19813.50 and pullback in wave ((iv)) ended at 19529. Near term, expect Index to extend higher to end wave ((v)) and this should complete wave 1 in higher degree. Afterwards, it should pullback in wave 2 to correct cycle from 9.7.2024 low in 3, 7, 11 swing before it resumes higher.
NQ Power Range Report with FIB Ext - 9/17/2024 SessionCME_MINI:NQZ2024
- PR High: 19695.50
- PR Low: 19652.00
- NZ Spread: 97.5
Key scheduled economic event
08:30 | Core Retail Sales (2x)
Volume building for contract month Z
- Inventory collected below Friday's low
Session Open Stats (As of 1:45 AM 9/17)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 377.37
- Volume: 15K
- Open Int: 128K
- Trend Grade: Bull
- From BA ATH: -6.2% (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
NQ-SP500-NKD-BTC, The wave has startedCME_MINI:NQ1! BINANCE:BTCUSD
CME_MINI:ES1! CME:NKD1!
The wave has started. It's slow, and choppy as they move through the time frames, so if you play the longer time frames, be patient. If you play the shorter time frames, ensure you take profit along the way so you're not chopped up
Video covers – NQ – SP500 – NKD – BTC
ES (S&P) – 100 pt price blocks (Bold Yellow Lines)
NQ (Nasdaq) – 500 pt price blocks
NKD (Japanese Market) – 1000 pt price blocks
BTC (Bitcoin) – 5000 pt price blocks
Legend
Bold Yellow Lines: Top and Bottom of Price Blocks
Dotted Blue Lines: 50% of any Price Block
White Solid Line: 20 EMA
Yellow Solid Line (not price block): 50 EMA
Blue Solid Line: 200 EMA
Method: Follow the MACD and the 200 EMA. Generally speaking, if the MACD is negative or heading negative, the price should be below the 200 EMA or heading below it, and visa versa, as it goes up to go positive, so should the price, and you should be targeting a price (at a significant level – price block) above the 200 EMA.
NQ and its levelsNQ and its levels; my analysis for NQ. Thoughts? NQ created a huge gap on the 1 hour time frame; from 4 pm to 6 pm. The purple boxes and white lines you see here, are respectable price levels (sensitive levels).
Current Contract - Forward Contract (NQ1!-NQ2!)This crazy jump tells me that there is danger and nearby, more volatility is coming. You don't get this kind of range when things are good. Short-squeeze blow-off top at best.
a typical day in the marketMany retail traders wander around in a fog asking others "are we going up or down, short or long?".
If you don't have a trading plan for the day, much less know the direction fo the market.... Traders who know will take your money... Don't come to an automatic machine gun fight with a butter knife.
Compare this set of 5 waves up followed by an ABC down) to a daily 5" chart
(which I can't share due to TV restrictions)
The first set from thursday to the closed on friday, almost exactly matches Monday's chart, if you switch to 5" chart you can see the last two days traded identically in wave counts.
Many traders think that a day is either long or short, up or down... A bullish day is defined as ending higher, but a bearish day that ends lower, typically has a morning rally 80% of the time. I'm not talking about " paper selling " all day long for days, not the same pattern at all.
Study these two days and I will say more later.
NQ ShortShorting the 15M FVG for the next expansion move hoping to see much lower prices before the end of the day
NQ Premarket 15 min Targets and markups - SMC SMC premarket mark up at 15/1 levels. Note the DVI in aqua. Currently my eyes are on the upper BSL resting from REH at overnight highs. Monday is fickle - we have potential monday hangover. Friday did not reclaim any of the bull move - so the 25% drop is in mind. Personally not interested in this today. Main target above is still in sights - that obvious 925 area on the new DEC contract.
NWOG and NDOGs are out for me with new contract so will use HLOC of days looking back 3-5 for now.
Lets see how Monday goes.. Sl bias UP but only gonna hop in trade on this Monday if it is a great setup..
Happy Trading -- Doc
NQ Sep 16 Targets, gaps and SMC setups premarketThe new week is about to open.. Primary target for the week is that CLEAN upper zone at 925.
on the new Dec contract.
We have Short term interest above but we also never reclaimed any of the Last week bull move.. so we have a MONDAY HANGOVER possible situation with the 25% mark retrace of the bull week marked as a line in the sand below.
Monday and no news.. unlikely to move that much, but worth marking it out.
Best looking target to me right now is the OVERNIGHT HIGHS REH, should a good set up arise.
WKLY FVG is just below and attractive to move there during the premarket.
Happy Trading
- Doc
NQ Day Trading Analysis With Volume ProfileOn NQ, it's nice to see a strong buying reaction at the price of 19318.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
NASDAQ**NASDAQ:**
This week, the price is expected to rise to the key level at 19935.75 for a trend reversal.
NQ longLooking for longs below the relative equal lows expecting higher prices since we got so close to those old highs would expect to see price reach for those before moving lower.
NQ Power Range Report with FIB Ext - 9/16/2024 SessionCME_MINI:NQU2024
- PR High: 19526.50
- PR Low: 19479.00
- NZ Spread: 106.0
No key scheduled economic events
Holding inside Friday's close range
- Advertising potential daily rotation below 19400
Session Open Stats (As of 10:55 PM 9/15)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 386.19
- Volume: 13K
- Open Int: 199K
- Trend Grade: Bull
- From BA ATH: -6.9% (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
Friday was a little tricky with those giant wicks! NQU20241)12:00 am price traded around the previous day settlement price.
2) London session swept the previous day high and price started booking lower. not passing the swing high till after 9:30
3) 9:30 opens and finishes the sweep of the sell side liquidity and then rallies higher.
4) a short term buyside liquidity was created, then at 10:25 price pierces this level and drops lower. stabbing back into the NDOG.
5) After this drop, another market maker model can be found at the 15 sec. chart. pushing price back above the most recent highs.
6) this is where I would have exited the long position. as price starts consolodating.
Thursday Slaughter NQU2024 and Rally.1) 12:00 am price moves higher and establishes Short term buyside in the london session.
2) 8:30 price moved lower and took out the most recent swing low. Aiming for the short term sell side.
3) NDOG was very small and price was moving back and forth taking out any profitable trades. Buyside was taken, a short could be entered in the FVG created at 10:35. Targeting the NDOG High.
4) Position exited and delivered perfectely.
5)There was another raid on Buyside @11:13 that fell immediately and created another FVG, entry is on the small retracement into the FVG, targeting the Ndog as Short term sell side has already been depleted.
6) Price did not continue moving lower and set up a market maker model that moves with the daily range much higher.
This is just my interpretation of the market and not trading advice.
Big News day! Wednesday 09/11/24 NQU2024 (CPI)1) 12:00 am price stays pretty consistanly range bound before the 8:30 CPI news event. Not really taking out any PD arrays.
2)8:30 News event happens with a huge manipulation candle taking out any profitable traders at the time.
3) Price then Rallies higher, Taking out the previous day high and creating the NDOG. Price then moves swiftly filling in this gap. After gap has been filled and previous day high was taken, I would have shorted targeting the previous days low.
4) After the liquidity has been swept, I would start looking for longs as the rest of the market is looking for the price to continue lower.
5) I would have been able to ride this last trade out to just before the close of the day.
Tuesdays Chop were some rough seas. NQU2024 review.1)12:00 am Price consolodated around the NWOG High from Previous day. Establishing the Sellside Liquidity.
2)London Session Failed to take out Resting Buyside Liquidity, indicating current weakness and short term sell side was taken.
3) After Sell Side was swept, price rebounded befor the 8:30 market open, creating a large NDOG.
4)9:30 Opened Swifty and set up some more resting buyside before dipping into the NDOG. It rallied out of the Gap but failed to take liquidity. this implied to me that the NDOg was going to be filled in completely.
5) Afterprice failed to pass the 9:30 high a short would be entered. this example I targeted the first FVG below the NDOG which lined up with previous short term buyside.
6) Something to note is the same set up happened just before NY lunch Session. with the two swing high. the second high only surpassed the previous high by .75 cents. (3min time frame)
I only trade the morning session. So I unfortunately miss out on most of the big afternoon moves.
Riding the wave of mondays Speculation. NQU 2024 1) 12:00 am Price opens. Immediately Moving Higher Towards the 1hour FVG
2)Price makes its first touch into this area and immediately starts Breaking Down.
3) Taking out the Short Term Sell Side Sitting below, and creating a new Swing Low the 8:30 open reverses and goes to retest the 1 Hr FVG.
4) 9:30 open creates the NWOG HIgh and launches price beyond the midpoint of the FVG but did not completely fill it. Price then looks to fill the NWOG taking out the Swing Low at 8:30 and dipping below the 12:00 am Opening price.
5) Price then reverses direction after clearing out liquidity on both sides. A long Position can be assumed by the refusal to seek a lower price in the NWOG and on a one-minute chart a market reversal pattern is present.
This is not trading advice just what I saw on the charts.
MMBM Using Fractal ConsolidationsFractal consolidations MMBM we can see how price is gravitating towards multiple HRLR (red boxes) and will probably find some sort of resistance around these levels
