NQ is losing momentun and going red
Hello traders,
As you can see The Nasdaq is starting to lose momentum after being bullish for several days. This is because NQ came back from strong levels, the daily 20.790 and the weekly 20.296.
From a 1H chart point of view, the price made a beautiful pull back on the weekly getting strong momentum then was rejected downward looking for the next daily level of 19.973 giving us a beautiful short trade.
If price hit the daily level and gets rejected, look for a pullback then go long searching the next daily level 20.144. But if price breaks the daily 19.973, wait for a pull back then go short searching the next weekly 19.760.
Good luck everyone and Happy trading!
As you can see The Nasdaq is starting to lose momentum after being bullish for several days. This is because NQ came back from strong levels, the daily 20.790 and the weekly 20.296.
From a 1H chart point of view, the price made a beautiful pull back on the weekly getting strong momentum then was rejected downward looking for the next daily level of 19.973 giving us a beautiful short trade.
If price hit the daily level and gets rejected, look for a pullback then go long searching the next daily level 20.144. But if price breaks the daily 19.973, wait for a pull back then go short searching the next weekly 19.760.
Good luck everyone and Happy trading!
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