The NQ one hour time frame is in an up channel.
The market is at the top of the channel. It will
be a good idea to wait for the market to form
a counter trend line break bullish either at the
bottom of the channel or above the channel.
Entry: Counter trend line break bullish near a
known level of U-turn either above the channel
or near the bottom of the channel.
STOP: In the sell zone
LIMIT: If entry is near the bottom of the channel.
The limit will be just before the top of the channel.
If the entry is above the channel. The limit
will be 16072.25
Once the entry is given. It will be a good idea
to turn to the five minute time frame and to
look for tunnel trader long / destination trader
long opportunities towards the expected price
limits.
The market is at the top of the channel. It will
be a good idea to wait for the market to form
a counter trend line break bullish either at the
bottom of the channel or above the channel.
Entry: Counter trend line break bullish near a
known level of U-turn either above the channel
or near the bottom of the channel.
STOP: In the sell zone
LIMIT: If entry is near the bottom of the channel.
The limit will be just before the top of the channel.
If the entry is above the channel. The limit
will be 16072.25
Once the entry is given. It will be a good idea
to turn to the five minute time frame and to
look for tunnel trader long / destination trader
long opportunities towards the expected price
limits.
