NQ1! trade ideas
Analysis: Key Levels to Watch for Short and Long OpportunitiesI'm watching the Nasdaq closely as it approaches a critical decision point. In this analysis, I’ll outline two potential scenarios, including both short and long trade ideas based on the confluence of key technical levels.
Current Setup and Key Level: 20,320
Right now, the 20,320 level is my primary focus. This level aligns with:
The 38.2% Fibonacci retracement of the recent downtrend, suggesting potential resistance.
The VWAP (Volume-Weighted Average Price), which is acting as a dynamic resistance level.
This confluence makes 20,320 a critical resistance zone, where the market might either reverse or push through, setting the tone for the next significant move.
Scenario 1: Short Opportunity at 20,320 Resistance
If the price approaches 20,320 and shows signs of rejection (like a bearish candle pattern), I’m looking to take a short position at this level. Here’s why:
Fibonacci & VWAP Confluence: The alignment of the 38.2% Fib level with the VWAP reinforces this level as a strong potential resistance.
Risk Management: I would place a stop-loss above the 50% Fib level (around 20,400) to manage risk if the price breaks higher.
Targets: My initial target would be around the 20,000 level. If this breaks, I anticipate a stronger move downward due to potential stop-losses being triggered below 20,000 (more on that below).
Note on Stop-Loss Clusters: I believe many traders might have their stops placed just below the 20,000 mark. If the price breaks below this level, we could see a quick, momentum-driven move lower as these stops are triggered, potentially driving price toward deeper levels.
Scenario 2: Bullish Break Above 20,320
If the price breaks above 20,320 and holds above both the VWAP and the 38.2% Fib level, it could signal a bullish shift. Here’s what I’m looking for in this scenario:
Confirmation Above VWAP and Fib Level: A strong break and close above these levels would indicate that bulls are taking control and might push for higher retracement levels.
Potential Targets: In this scenario, I’d look for the price to move towards the 50% Fibonacci level (around 20,400) as the next resistance, followed by the 61.8% level near 20,500 if momentum holds.
Invalidation for Shorts: A decisive break and hold above 20,320 would invalidate the short setup. If this happens, I’ll look for potential long entries on a pullback to the VWAP or 38.2% Fib as support, with stops below these levels to manage risk.
Conclusion
The 20,320 area is the key level to watch here, with potential for both short and long setups:
Short Scenario: Look for rejection at 20,320 to target a move down to 20,000, with a possible extension lower if the 20,000 support breaks.
Long Scenario: A break above 20,320 could open the door for further upside, with potential targets around 20,400 and 20,500.
This setup combines technical indicators with price psychology, as stops clustered around the 20,000 level may drive significant moves if that support level is breached. I'll be monitoring how the price reacts to 20,320 closely for confirmation of either setup.
Let me know if you see anything differently or if you have any questions. Happy trading!
NQ Power Range Report with FIB Ext - 11/4/2024 SessionCME_MINI:NQZ2024
- PR High: 20158.00
- PR Low: 20070.50
- NZ Spread: 195.5
No key scheduled economic events
High energy start to the week with significant gap down, quickly filled
- QQQ daily gap above ~493
Session Open Stats (As of 12:25 AM 11/4)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 299.59
- Volume: 40K
- Open Int: 250K
- Trend Grade: Bull
- From BA ATH: -4.7% (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 off break and retest NQ bullish from .88 retracement
1 minute timeframe got motion. After falling for 5 minutes at open we find support at the green line. Pushed pass .88 retracement then pullback at the 200 SMA(purple line). The retest happens at the .88 retracement lvl again. Above the 200 SMA with 600 as the target.
NQ and election week strap yourself in Right election week has arrived and we sure going to test either side of recent range or even both, guessing at this point is useless trade with care be patient opportunities will present themselves.
NQ Next Move
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ next move and beyond the technical analyse ..
NQ IS Bearish To the Weekly Gap... NQ is bearish to the Weekly gap, but must first inverse the 15m gap to begin the push towards the upside. A retracement is to be expected after the large short move ending the previous week. We may also want to fill 4 hours gaps left open to the upside. Or fill the recent 4hr wick.
Nasdaq directional pointswing buy above 20232 , sells below 19900
Price has rejected o reach new ATH , it could be signs of retracement
OHLC Statistical Mapping + Average Range Levels Asia LongI entered at +Manipulation since I was bullish from Daily timeframe SL put below 1/3ADR- and targeted +Distribtuion and the target was delivered at NewYork Killzone. Easy model purely mechanical.
NQ Short (10-28-24)No strength NAZ is stuck in a range, only time the NAZ does so strength is Long in O/N or maybe a drop during Open Drive. Other than that, sideways is the direction. Yellow arrow is range for breakout, previous drop did U Turn in the zone and next retest (zone) will break through for deeper drop. TLX 20,453 is KL to watch for next move. Long above and short below.
202241101 NQThe scenario for today is on the chart. The initial downside ss raid move is very anticipated to create more damage to the retail. Those who were late for shorts yesterday will open shorts on the breakthrough during ss raid that will create a lot of bs liquidity and facilitate the next move to the upside. That is narrative for today. I would like to see some upside => downside reversal to make ss raid => upside reversal for the main move. The possible +DOL in this case can be d vi
It is very high risk environment and NFP event at 10am can create huge moves in both sides. It is better to be patient and wait for the initial move to provide some clue.
11/1/2024. NQ daily and 1 hour charts11/1/2024. NQ daily and 1 hour charts
Daily Buy: 20183
Daily Sell: 19987
Watching for break on 15m and 1 hour charts.
10.31.24 NQ 4hr chart Observations10.30.24 4hr chart observations. 200 ema was broken and price is holding underneath. We seem more firmly in bear territory now. For extended lower targets I looked to the daily fvg around 19883, and much farther down the daily 200 ema around 18861. Currently in a range between bullish 4hr fvg and bearish fvg
NQ Power Range Report with FIB Ext - 11/1/2024 SessionCME_MINI:NQZ2024
- PR High: 20112.50
- PR Low: 20064.00
- NZ Spread: 108.5
Key scheduled economic events
08:30 | Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
10:45 | S&P Global US Manufacturing PMI
New lows to close October below 20100
- Holding previous session lows
Session Open Stats (As of 12:55 AM 11/1)
- Weekend Gap: +0.24 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 296.40
- Volume: 28K
- Open Int: 257K
- Trend Grade: Bull
- From BA ATH: -5.2% (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
NAS100 SELL SETUPI have a Daily uptrend. Im looking for a choch on the 4hr with a retest and continuation to the downside ( possibly to 18,588 )
NQ - sweep lower before higher, then free fallThis is my current expectation. Comments in chart. Expecting a move lower, before going higher to fulfill the 2 remaining open Feigenbaum projections. Reaching C.E. of the 4H huge wick, but not new ATH. Then free fall.
Time projections based on swings and Feigenbaum time.
10.31.24 NQ 4hr chart10.30.24 4hr chart observations. Dramatic run to bear side.
If truly bearish the 200 ema must be broken, and then price hold below. We could be in for more big moves, or a new range will form. If bullish, all time high has still not been tested at 20978. We are still inside a retest of the large bullish orderblock from Oct. 23
10/31/2024. NQ DailyWIth YM crossing its daily sell point, NQ could/should hit 20162. If buyers dont hold this level, market will retrace to 19,825 (buy line-exit point)
NQ1 1W Bear Deep Crab Harmonic with target levelsOn the weekly Nasdaq 1W chart a bear deep crab harmonic pattern active. If this plays out, very volatile price action will occur ove the coming months. Deep crap price targets are measured as fib extension from the BC leg of the XABCD pattern. Note the large bull Gartley that has driven price to current levels has alraedy reached target 3 at 1.272 fib extension of AD leg of the Gartley. On daily chart, there are two bear ABCD Ext patterns which should drive price to point C of the bear Deep Crab, before a sharp temporary retracement to recent high, before plunging below point C to the extension price target levels below.
This chart is not for intraday trading, but should be useful for swing trading at these key levels.
NQ Power Range Report with FIB Ext - 10/31/2024 SessionCME_MINI:NQZ2024
- PR High: 20495.75
- PR Low: 20426.75
- NZ Spread: 154.5
Key scheduled economic events
08:30 | Initial Jobless Claims
- Core PCE Price Index (YoY|MoM)
09:45 | Chicago PMI
Daily rotation off 20800, taking out Tuesday's low
Session Open Stats (As of 12:25 AM 10/31)
- Weekend Gap: +0.24 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 283.82
- Volume: 31K
- Open Int: 277K
- Trend Grade: Bull
- From BA ATH: -3.7% (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
