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Little bear flag on NQ

Posted by johnny2012 on 4th of Oct 2023 at 01:52 pm

Little bear flag on NQ 5 min. Could give 50 points and take it back to 14800. 

Update: Nice break down from that wedge like pattern at trend line resistance area. 

NQ 60 min update: FYI. While tagging the trendline has a possible bear wedge formed too. Stay on your toes.  

Heads up. Tagging that NQ

Posted by johnny2012 on 4th of Oct 2023 at 11:49 am

Heads up. Tagging that NQ trendline now. 

Nq 60 min. I extended

Posted by johnny2012 on 4th of Oct 2023 at 09:42 am

Nq 60 min. I extended this trendline to watch. Lines up with the previous several reversal areas so may get a reaction. 14868. Approximately 

Same thing I'm looking out for. Lot of ground to cover to get through that. Big zone. 

USD continues lower from that diamond, giving the market a reprieve.

Thank you for your analysis

Asia red...weak open

Posted by johnny2012 on 4th of Oct 2023 at 08:23 am

Thank you for your analysis on NQ Steve! 

Update: 60 min chart Nice reversal on USD index out of the diamond thus far. 

Possible diamond top on USD

Posted by johnny2012 on 3rd of Oct 2023 at 08:20 pm

Possible diamond top on USD index. 60 min chart.

Happy to help. Too bad the Ihs didn't play out. It was pretty. But that's why you don't marry the pattern. I was short down to the 14700s and took a lower risk long with a stop, so I did alright today. I give it some room so I have a little draw down from the afternoon drop, being transparent. Not every trade is a winner. Just need an exit strategy. But that's my plan. I trust Matt's systems will play out soon so I will give my long some room and add if we get a little more downside. I appreciate everyone's posts and really enjoy the community. 

Hey Matt. Any systems looking

Posted by johnny2012 on 3rd of Oct 2023 at 01:53 pm

Hey Matt. Any systems looking to take additional entries at the moment? Or more systems jumping in?

Updated. Added the wrong chart. Should be the 14790 area I was talking about taking a long around here. 

Could take a long in

Posted by johnny2012 on 3rd of Oct 2023 at 10:27 am

Could take a long in here with a tight stop.  It's tagging the area of the previous head and shoulder neckline . Nq 60 min

Update: Keep an open mind. Even the drop this morning makes it's pretty symmetrical. Could go lower  14800s and still a good set up. Nice looking IHS but just date her. Don't marry her. Just in case she turns out crazy. Lol

Nq 60 min looks like

Posted by johnny2012 on 2nd of Oct 2023 at 04:05 pm

Nq 60 min looks like a bigger IHS forming. Head was a smaller Ihs last week. Definitely something to keep an eye on. Could get several hundred points to the upside. 

Nq 5 min. Could be

Posted by johnny2012 on 2nd of Oct 2023 at 12:31 pm

Nq 5 min. Could be another bear flag setting up. Could give 150 points. If it plays out. 

Nq 5 min Price morphed

Posted by johnny2012 on 2nd of Oct 2023 at 11:54 am

Nq 5 min Price morphed into a coil from the 1 min hs and broke out to the upside.  Then reversed and broke back below the upper trendline. Monitoring the reversal to the downside. 

Nq 1min. Possible head and

Posted by johnny2012 on 2nd of Oct 2023 at 10:43 am

Nq 1min. Possible head and shoulder setting up. Right shoulder now. Could take it back to Friday afternoon lows 14811/14820 range. 

5 waves down off the

Posted by johnny2012 on 29th of Sep 2023 at 02:23 pm

5 waves down off the highs. Very close or already an objective area to cover shorts and reverse to go long. Tight stop at the extended neckline just in case it fails. 14800/14820 area. 

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