1 HR Fib retrace for nq

28 Şub 2024

Bullish (PD) arrays down at the 62% to 78% retracement levels. I am anticipating a mid-week reversal potentially emerging from an accumulation phase near the top of the range at the Point of Control (POC). My focus on Wednesday, aiming for a break of the short-term highs, followed by a downward shift toward the retracement levels. Ultimately, I plan to initiate a short position, targeting the 50% retracement level by Friday