A breakout above the flag’s resistance, ideally on increased volume, confirms the pattern and suggests a continuation of the prior uptrend. Traders often use this setup to identify potential entry points, with stop-loss levels placed below the flag’s low and targets set based on the flagpole's height projected from the breakout point. Check the Chart Volume
Price Action & Trend:
Identify the trend (uptrend, downtrend, or consolidation).
Find support and resistance levels (e.g., a bounce off 13,000 could be a potential long entry, with resistance at 13,500).
Technical Indicators:
Moving Averages (MA): Bullish if price is above the 50-period and 200-period MAs. Look for a Golden Cross (50-period MA crossing above...
Looking to Take NQ longs Into the 6018.25 Zone it’s Rejecting off a Daily IFVG. the move up is more possible Due to Several Equal Highs and Equal Opens which Means Liquidity = Resting Stops and Orders
Trade I’m In Currently! Looking for 30-40 Pip Move
Going to be Posting My Trade Analysis Daily & Weekly
This is How I’m Projecting the Market Remember Your Perspective Will be different From The way I see the Market
Refer To Previous analysis!!! Price traded Lower And took out The Previous Weeks Lows !! And traded to my targets! You could have entered off the Area I had Marked Up from Last Week For about 50pips
Price is at an Major Support Level 140.956 looking for Hold Conformations on Lower Time Frame, Strong rejection From Resistance Zone! Looking for the Push to the 50% Zone. There's also an Price Imbalance @141.594 - 141.874
Thanks
Remember Just an Trade Idea and Also trade at your own Risk!!!!!!!!!!
