Nasdaq approaching two key zones on H1 to seek support

3 Mar 2021

I was too optimistic yesterday. My pre-drew key zone of last week still held. Price didn't mange to close it! You can still have good setups(making money) even you're wrong about the market move. Please refer to my comment of the linked idea.

What's next for NQ? Now it's heading for two demand zones which buyers may come in:
1. Nearest demand zone
2. Daily range area.

long setup trigger: 1m/5m reversal pattern!

3 Mar 2021

Not

Now, the first zone touched. Need to check the price action on 5m or even 1m. I observed pause which is a good sign!

3 Mar 2021

Not

The first zone is violated with no bullish setup opportunities.

4 Mar 2021

Not

Both zones violated with short opportunities on 5m. Plan to long with no chance.

4 Mar 2021

Not

I spot a nice short setup in Asian session. Momentum + Fib + Control high. It's a high probability trade setupl

4 Mar 2021

Not

Watch the formation violation on the zone. Now, the zone is firmly violated. Looks momentum is accumulating to prepare for rallies.

4 Mar 2021

Not

After the high probability short setup violated, I have to change the mind and look for bullish setup. Do remember if key zone violated, look for opposite trade setups.

4 Mar 2021

Not

The uptrend continues.