MNQ1! trade ideas
NQ Power Range Report with FIB Ext - 7/23/2024 SessionCME_MINI:NQU2024
- PR High: 19998.25
- PR Low: 19973.00
- NZ Spread: 56.25
Key economic calendar event
10:00 | Existing Home Sales
Inventory response back to 20000 value area
Evening Stats (As of 10:25 PM 7/22)
- Weekend Gap: +0.25% (open > 19707)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 298.08
- Volume: 19K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -5.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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
Buyside taken, sellside pendingYou can see price taking out significant buyside liquidity with sellside being built up. It shouldn't take too long to start digging into the trendline.
Buyers have returnedBuyers have returned in the S&P 500 on Monday or is this a short covering rally. If buyers are present, look for follow-through to the upside on Tuesday.
OHLC Stat Map + Average Range Levels Cooked-Manipulation was broken and turned from resistance to support target was simple 1/3AWR+
20240719 NQI anticipate one more ss raid and TGIF during the last hour 3 to 4pm. The upside move with bs raid into the NWOG seems to be very reasonable for the TGIF narrative.
UpdatedI'm back. Given that the DXY is very bullish, it looks like we will be bearish today and that's what I will be watching. I will wait for it to take the buyside and make mss to look for a sell entry.
Nasdaq Monday ObjectivePrevious posts timing was inaccurate, however everything else remains the same other than the timing I still need work and experience in that. Today(Monday) Should draw towards the first Objective/Thursdays High.
No news today.Looks like we are bullish today. I've got the important sellside on the daily. I will keep you updated in case anything changes.
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.
✅LIKE AND COMMENT MY IDEAS✅
NASDAQ**NASDAQ:**
This week's forecast is for the price to fall to the bottom of the channel and then reverse the trend.
MNQ - monthly outlook from a 15min timeframeThis should be interesting to watch.
notify me when the monthly range breaks haha
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 Power Range Report with FIB Ext - 7/22/2024 SessionCME_MINI:NQU2024
- PR High: 19794.75
- PR Low: 19727.25
- NZ Spread: 150.75
No key scheduled economic events
Declining further from ATH
- Below daily 20-32 Keltner avgs
Evening Stats (As of 11:05 PM 7/21)
- Weekend Gap: +0.25% (open > 19707)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 300.89
- Volume: 43K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -5.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 18675
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
MNQ! LongI am looking at a potential Long position right now with Micro NASDAQ100. It is at a higher low on our 4 hour chart.
NQ stuck in this 1HR trend, is that resistance I see?NQ hitting resistance in this short term downtrend.
As long as this next hour candle is red, we are going down...
NQ - Is this the bounce?Could this be the level that we retrace back up to $20,600-$20,700 levels, before we head lower?
This could be an interesting week ahead with the latest election news drop coming out of USA.
CME_MINI:NQ1!
Looking to buy Nasdaq 100 futures on possible gap fillNasdaq 100 futures were hammered last week on the back of strong volumes, making the next few days important as Alphabet and Tesla become the first of the ‘Magnificent 7’ names to report second quarter earnings after market close on Tuesday. They will set the tone for the remaining group, especially Alphabet given perceived tailwinds for revenues and earnings from the AI revolution.
While momentum indicators such as RSI and MACD continue to give bearish signals, I’d rather buy dips than sell rallies right now given the price remains in a firm uptrend.
But I’m not rushing in just yet. Even though we’ve seen a bid in early Asian trade, you can’t help but think we may see traders attempt to close the gap created on June 13. It’s nearby and momentum is to the downside, after all.
If we see the gap filled, it creates a decent entry for longs given the proximity of the 50-day moving average and uptrend dating back to April 19, two levels that have been respected over recent months.
DS
Buying near 19613 with a stop below 19500 is one potential setup, allowing for longs to target a push towards resistance at 20371 or even the record high set earlier this month. If the trade were to move in your favour consider lifting your stop to entry level, or using a trailing stop, to mitigate reversal risk.
Nasdaq Discounted at Demand Zones holding support!The Nasdaq futures market is currently showing some promising signs as it enters key demand areas. Analysts are closely watching the levels around 19,600 and 19,500 as potential support zones. These levels have historically acted as strong support, and traders are optimistic that they will provide a solid foundation for a rebound.
Market sentiment appears cautiously optimistic, with many expecting a bounce back as buying interest increases around these discount prices. Technical indicators also suggest that the market is oversold, which could further bolster the likelihood of support holding at these levels.
It's important for traders to stay informed and keep an eye on any economic data releases or geopolitical developments that could influence market movements. As always, risk management is crucial, and setting appropriate stop-loss levels can help protect against unexpected volatility.
NQ short opportunity 5 R:RWe are at a key weekly, daily, hourly structure on the chart. A better opportunity is for longs IF we hold the current structure.
IF we do not, a good R:R set up for shorts to next level
NQ R:R opportunity If we hold this very key area were at - weekly/daily/hourly we have a nice opportunity back up
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
