1/13/21 1240a CT NQ analysis
I base most of my NQ trading on the 2 hour chart, using FIB arcs and the 200 ema (dark red). The white arrows designate important pivots for how the fib arcs are drawn. These 2 arcs have been in place since 1/8/21 and have not been adjusted. Notice how the .0786 arc from the 1/6 low is perfect resistance for the last 2 swing highs.
Also, note the red arrows pointing to 3 of the swing lows that tested the 200 ema. Note how the market rallied each time those were tested.
It required much work during today's volatility, but I have averaged my long NQ position down to the 12850s, looking for a test of all time highs and hopefully higher.
I base most of my NQ trading on the 2 hour chart, using FIB arcs and the 200 ema (dark red). The white arrows designate important pivots for how the fib arcs are drawn. These 2 arcs have been in place since 1/8/21 and have not been adjusted. Notice how the .0786 arc from the 1/6 low is perfect resistance for the last 2 swing highs.
Also, note the red arrows pointing to 3 of the swing lows that tested the 200 ema. Note how the market rallied each time those were tested.
It required much work during today's volatility, but I have averaged my long NQ position down to the 12850s, looking for a test of all time highs and hopefully higher.
Penafian
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.
Penafian
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.