The NQ one hour time frame is in an up trend.
The market is making higher highs and higher lows.
The market has an up Fibonacci with an extension
price point 27472.50 about +1,706 Ticks above. As
long as the market does not take out the one boundary
price point 25933.75. The expectation is the market
is to U-turn bullish and push to the one hour Fibonacci
extension target.
Entry: Counter trend line break bullish ideally at
26,660.25 or lower (That is when rewards is bigger than
risk.
STOP: 25886.25
LIMIT: 27472.50
Another Entry Idea: If the risk is too large off the one hour
time frame. It will be a good idea to look for long ideas
off the five minute time frame with less risk.
The market is making higher highs and higher lows.
The market has an up Fibonacci with an extension
price point 27472.50 about +1,706 Ticks above. As
long as the market does not take out the one boundary
price point 25933.75. The expectation is the market
is to U-turn bullish and push to the one hour Fibonacci
extension target.
Entry: Counter trend line break bullish ideally at
26,660.25 or lower (That is when rewards is bigger than
risk.
STOP: 25886.25
LIMIT: 27472.50
Another Entry Idea: If the risk is too large off the one hour
time frame. It will be a good idea to look for long ideas
off the five minute time frame with less risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.