+44pts
A Measuring gap is found at the equilibrium or 0.5 of ur projected range (as shown below). Apart from targeting purposes it can also be used to anticipate orderflow as we expect to see a measuring gap respected by price and anything outside that invalidates ur trade idea.
โฆBut it would b textbook seasonal tendency if we could get an SMT on the highs across the indices which would set the stage for lower prices going into the end of summer. All this still remains to be seen tho.
$NQ $ES
In all seriousness tho things like this are typical for the low magnitude period in which June falls under, so we generally dont marry any HTF biasโฆ
Complete 180 degree round trip on this trade after delivering almost 1000pts ๐๐ I woke up to the stop out at breakeven. Asia said screw ur analysis ๐
Complete 180 degree round trip on this trade after delivering almost 1000pts ๐๐ I woke up to the stop out at breakeven. Asia said screw ur analysis ๐
$MNQ #Nasdaq
High Time Frame Analysis/ Swing trade Execution;
I still see price trading to make new highs as the Buyside liquidity remains to be engaged in the new Sept contract. Going forward I anticipate discount sensitivity from this wick CE which is part of the orderblock..
$MNQ #Nasdaq
Swing Trade Management
Stop moved to breakeven. Buyside target still remains w HTF pd arrays offering support and discount sensitivity as anticipated ..new All Time High incoming stay tuned