MNQU2024 Monday 08/19/2024 15min Chart Review (Long Bias)This is my interpretation of how the market unfolded on Monday. These posts are for my journaling purposes, not advice. Please let me know what you think and if you see anything else.
MNQ1! trade ideas
The NASDAQ index is gearing up for new high. H4 20.08.2024The NASDAQ index is gearing up for new high
NASDAQ index made a major segment overlap up and the question is if they are going to give a pullback before continuing the growth. Along the way they formed 2 important buy zones, but there is no culmination at the top. I expect a pullback down to the zones and then buying. Most likely we will push from the nearest zone 18920-19200 and then rise to test the high near 21000. Also, just in case I have specified the far zone of buyers 18400-18670, but it is unlikely that we will reach there.
OHLC Statistical Mapping + Average Range Levels-Manipulation from the OHLC Statistical Mapping acted as resitance and Stop-loss was placed above 1/3ADR+ -> target was 1/3ADR-
NQ Long IdeaI'm bearish, but for short term I'd expect bulls to hold this 19.7k area on NQ. If not, that'll most likely lead to a move down to around 19.2k at least as I had previously drawn that red path for. The green path is what I think is most important for intraday and shorter term action. Bulls must hold IMO.
Nasdaq Next ObjectivesFake head n shoulders. All it did was sweep sell stops. Retail sees this as bearish, however HTF still remains Bullish. Still can retrace more, however, this is not a long term reversal.
NQ ObjectiveDrop down into this low and 4H BISI. SMT on the 15M, HTF PDAs hit (Daily Liquidity Void) & PDH Hit.
NQ Power Range Report with FIB Ext - 8/20/2024 SessionCME_MINI:NQU2024
- PR High: 19883.00
- PR Low: 19857.75
- NZ Spread: 56.25
No key scheduled economic events
Auctioning inventory back towards 20000 pivot from 7/23.
- Reasonable to expect front run.
Session Open Stats (As of 11:35 PM 8/19)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 428.66
- Volume: 17K
- Open Int: 237K
- Trend Grade: Bull
- From BA ATH: -5.3% (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
Nasdaq - Buy MoreTarget: 23,050
Stop: 16,700
Partial: 20,800
b]Key Considerations:
Fed meeting on September 18th
Traders are positioning themselves ahead of the announcement regarding the drop in the interest rate a 75% probability of a 0.25% drop.
USA is the last cab on the rank that has not dropped yet, they may think we are the big boys, we do what we want, when we are ready, we don't care what other countries are doing, we are the leaders, we don't follow, we lead, so we may even wait 1 more time, just to pretend we are being prudent and methodical, but really it's just because we don't want to look like we are sheep.
Or they could go ahead and drop but I think it will get to all-time highs between now and 4 weeks away anyway.
Any good news from the Fed will drive the Market up NASDAQ runs on Buy the Rumor and Buy the Fact.
If the Fed does drop rates this will significantly impact the Nasdaq and broader markets.
Nasdaq - Buy MoreTarget: 23,050
Stop: 16,700
Partial: 20,800
b]Key Considerations:
Fed meeting on September 18th
Traders are positioning themselves ahead of the announcement regarding the drop in the interest rate a 75% probability of a 0.25% drop.
USA is the last cab on the rank that has not dropped yet, they may think we are the big boys, we do what we want, when we are ready, we don't care what other countries are doing, we are the leaders, we don't follow, we lead, so we may even wait 1 more time, just to pretend we are being prudent and methodical, but really it's just because we don't want to look like we are sheep.
Or they could go ahead and drop but I think it will get to all-time highs between now and 4 weeks away anyway.
Any good news from the Fed will drive the Market up NASDAQ runs on Buy the Rumor and Buy the Fact.
If the Fed does drop rates this will significantly impact the Nasdaq and broader markets.
NQ1! SELL IDEA, CLEAR VIEW.Supply zone on daily, supply zone on 45min. You can add your thoughts on the comments.
NQ1! Sell ideaI don't trade these so just testing and you can add your thoughts.
So basically here supply was seen on daily and again on 45min timeframes.
Disclaimer: educational purposes only.
NQNQ and Bullish Bias for this Week, price can sweep PDL, Mitigated D FVG and from go for BSL Targets
$NQ1! Nasdaq100 Futures - 61,8% Retracement level reachedNasdaq100 e-mini has reached a retracement level of 61,8% from it's all time high. Between 50%-61,8% we call the ambush zone, because this is a popular zone for buyers to become fatigued and sellers to move in.
This is an area of interest and I will watch this zone very carefully for buyer weakness in coming days for a possible short position.
PS. This short position would be taken to hedge my current long positions.
Bullish Idea/ Chart Review for NMQU2024 08/16/2024Here are my thoughts and ideas for this past Friday's trading day. These posts are for my journaling process so please let me know what you think.
MNQ weekly update MNQ is currently sitting at the 61.8% Fibonacci retracement level. Based on technical analysis, the bulls appear to be in control. There is a wide-spread bullish candle with above-average volume, and the price has bounced off the 40 EMA, which also acts as a confluence. This week will be a test of the 61.8% level, and it will be important to observe how the market reacts around this key area.
This is my Bullish Chart review NMQU 2024 (08/15/2024) 15 min.This is a bullish perspective on the NMQU 2024 contract. This is for my own personal journaling. please let me know your thoughts.
NQ Power Range Report with FIB Ext - 8/19/2024 SessionCME_MINI:NQU2024
- PR High: 19673.75
- PR Low: 19614.50
- NZ Spread: 132.25
No key scheduled economic events
Relatively low vol open to start the week
Session Open Stats (As of 10:35 PM 8/18)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 436.52
- Volume: 15K
- Open Int: 230K
- Trend Grade: Bull
- From BA ATH: -6.3% (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 Bullish ATH incoming After last weeks expansion move from the manipulation of 02 may 2024. Creating an SMT
with ES! In the beginning of the month of august.
FIbb drawn out from the sweep of that candle low (02may) to the next 3 candles following it.
2.0 /2.5 is targeted for the HIGHS.
This week has FOMC this wenesday.
Monthly Candle has flipped green looking for an expansion this week towards the highs if not next week.
Anticipating this week to OLHC.
Current Sunday ASIA Session creating an SMT at the highs above NWOG with ES!.
I am expecting monday or tuesday to put in a low to set up another trending week up.
Nasdaq ObjectivesGoing into this new trading day, these are my Targets. I want price to respect that New Week Opening Gap. It can drop again into it, it can fill in that range, etc. However I want that price range to support price. So price cannot got below Last Fridays Afternoon low, otherwise I'd have to reconsider the trade idea and wait.
side waysthis picture shows the data of a side market which means the price point is bouncing up and down on the line until it breaks out now these can be beneficial if you use them correctly
8.18.2024 Weekly Pre-Market Analysis NasdaqRight now we are Bullish ONLY if the Nasdaq breaks the 4 hour zone. If it holds under the zone, breaks the up trend line and forms lower lows and highs, then we will look to go shorts.
Targets are in place.
