The NQ is one of the trappiest contracts out there, so watch what happens at this level. It's worth zooming in to the 15m just to study the aftereffects in a few days.
The longer it builds up near the High WITHOUT breaking it, the more I'll be biased long. If we probe it overnight, I'll be back to cautiously looking.
Ideally I either want a naked attack in the morning WITHOUT a preceding spring --> that's mean a short, expecting a trap and a major drop in the market.
OR I'd like to see price come down a bit at the open, scoop, and re-attack the High --> that's grounds for a breakout trade.
Remember, D1 analysis and shorter time frame execution means different things for different people. Do NOT trade the NQ unless you are experienced...
The longer it builds up near the High WITHOUT breaking it, the more I'll be biased long. If we probe it overnight, I'll be back to cautiously looking.
Ideally I either want a naked attack in the morning WITHOUT a preceding spring --> that's mean a short, expecting a trap and a major drop in the market.
OR I'd like to see price come down a bit at the open, scoop, and re-attack the High --> that's grounds for a breakout trade.
Remember, D1 analysis and shorter time frame execution means different things for different people. Do NOT trade the NQ unless you are experienced...
