Yes that is correct on NQ chart shown below and NQ just bounced
near that zone (however the move up is just 3 waves thus far which
is corrective)
Also for future reference, you want to see a candle CLOSE
above/below a previous high/low not just a spike - your chart
clearly shows a candle close above so valid.
Lastly, I would use a smaller time frame for intraday action
(like 5/10/15 minute chart or even smaller for scalping )
Steve, on the 1 hour
ES
Posted by keyhole7 on 18th of Nov 2024 at 02:02 pm
Steve, on the 1 hour chart for MNQ, is the BOS and Demand Zone drawn on this chart correct?
Yes that is correct on
Posted by steve on 18th of Nov 2024 at 02:03 pm
Yes that is correct on NQ chart shown below and NQ just bounced near that zone (however the move up is just 3 waves thus far which is corrective)
Also for future reference, you want to see a candle CLOSE above/below a previous high/low not just a spike - your chart clearly shows a candle close above so valid.
Lastly, I would use a smaller time frame for intraday action (like 5/10/15 minute chart or even smaller for scalping )
ok...thx
Posted by keyhole7 on 18th of Nov 2024 at 02:04 pm
ok...thx