looks like TP10 is in on the 32m signalling the low of the day is in and the 128 continuation continues.
As long as the low on the TP10 low of the 2m, holds, the 8m chart will see a pump into the PMI news at 10am ET.
Targets laid out with blue lines for prices #NASDAQ
One of my take profit and entry strategies is using my fib retracements.
TP1 on its expansion to create a LL is used as the base of the fib bounce.
Then I look for points of interest near .618; .70; and .79
Once hit, I drill down to 30s ensuring structure and enter
Master time and you'll master price
NASDAQ targets traded on a 2min timeframe using the 8min uptrend signaling HTF follow through to the upside.
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$NQ moving down ahead of the open bell. These are the levels I'm watching.
the 32m and 128m are both are turning point TIME targets.
The 8m low being taken out would signal the 32m turning down and taking out its TP2 low = the 128m turned.
The lower timeframe 2m = 1st targets
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$NQ opened then dropped before moving back up on the 32m but it was still at the next target for turningpoint 2. Now, the test is to see if the 32min makes a higher high or the 8min drops lower than the redline = Lower Low which would signal a break of structure and 32min turn
Just dropped my gold forecast for this week.
Unfinished business to the upside but I think it drops over the next month possibly back below $4,000
https://t.co/hYiNzxbbao
I dont particularly trade Mondays, but for me it seems like this is the trade I would take. Expecting a drop on #Nasdaq into open bell and this would give a long entry to 24,550-24,576 until about 10:30am.
Not financial advice. But if I see it, I'm interested on the $NQ long
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