Looking for some drop testing to show once the BTD's & FOMO's wake up. Yellow Box is strong support, 11,600 is period POC and Red solid/dotted are channel. Yellow arrow is next direction and white arrows are levels that may bounce or attempt to pass solid TL (toward box top). Break below 11,500 and under dotted TL is Strong Short. I will keep this Post open for some time.
Note: For those that follow, after 3 years and nearly 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to a private service that will use TradingView Charts, including my IDS Indicators. Message me if you have interest. I will continue some usual post's through the mid/end of February or until new program is ready. Thanks for following and all your support.
Note: For those that follow, after 3 years and nearly 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to a private service that will use TradingView Charts, including my IDS Indicators. Message me if you have interest. I will continue some usual post's through the mid/end of February or until new program is ready. Thanks for following and all your support.
Nota
4 HRNota
NAZ dropped to 12,450 or 50 points from old Box Top. O/N propping it now, looking for Open Session to drop it below 12,400 for test. NAZ may test 12,100 this week.Nota
Under Red TL and should stay in the White Box. Nota
NAZ is on Box Top and 1st ledge, No Fed No Rally.Nota
NAZ did bounce, stalling some at 12800Nota
Prop Box chart, NAZ is back at 12400 level and under POC.Nota
11900 next stopNota
NAZ got to 11923. Chart below is weekly, NAZ in channel that dates back July, 2020.Nota
NAZ at 2nd ledge of drop forecast.Nota
Range for balance of 1st Quarter may be between 12,300 - 11,550Nota
IDS50 Range and KL's for balance of Quarter.Nota
The 3 day prop in the Circle is base support, look Long. NAZ rockets up and struggles to get lower. Compare the number of down days to prop day ratio. You can contribute most of the stagnate dropping to the O/N drop offset games that are used. Besides, the micro moves lower are nothing compared to the most moves higher. This drop was my forecast on 2/6 post, just expect some bounce soon.Nota
As predicted, the NAZ gets is held at 11850.Nota
Nota
Back near 12400 level and key to next move.Nota
Back at Top of BoxNota
NAZ is back at Top Line.Nota
Update
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.