The NQ one hour time frame is in an up trend. The market is making higher highs and higher lows. The market is in the buy zone and has an up Fibonacci with an extension price point 14924.25 about +805 ticks above the market. The market just hit the old Fibonacci extension and I am expecting the market to pull back bearish to a low price near a known level of U-turn.
Entry: Counter trend line break bullish in the buy zone near a known level of U-turn.
STOP: 13687.50
LIMIT: 14294.25
As long as the market stays in the buy zone. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities. If a person wants to lower their draw down, it is a good idea to wait for the one hour time frame to give a low price in the buy zone before looking to buy off the five minute time frame.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.