NQ Price Action Journal
- Thread starter niko
- Start date
Well, it was an interesting choppy morning.
1. After a break of SL and a HL came an influx of buying that took prices all the way to R at 10.
2. There sellers pushed creating a congestion whose BO finally failed and price fell just o find S at 06, as Db pointed out in his Thread. As I had a DT and a DB my conclusion as chop, there was a HL later but it was a short lived one, then came a new push for the bottom of the TR, but it was a new FO.
3. Buyers pushed hard and managed to make a new high, but at the first attempt to RET buyers dropped the ball.
4. Prices fell all the way to S at 100 (R Premarket) and then buyers were able to break the SL and make a HL again, then they traveled all the way to 11 again where they hit R.
1. After a break of SL and a HL came an influx of buying that took prices all the way to R at 10.
2. There sellers pushed creating a congestion whose BO finally failed and price fell just o find S at 06, as Db pointed out in his Thread. As I had a DT and a DB my conclusion as chop, there was a HL later but it was a short lived one, then came a new push for the bottom of the TR, but it was a new FO.
3. Buyers pushed hard and managed to make a new high, but at the first attempt to RET buyers dropped the ball.
4. Prices fell all the way to S at 100 (R Premarket) and then buyers were able to break the SL and make a HL again, then they traveled all the way to 11 again where they hit R.
Premarket reading
Daily:
We are still moving around the 100 level, just chop from what I can see.
Hourly
After a failed attempt of buyers to take the top of the TR at 112, sellers were unable to reach the bottom. Is that a sign of strength? The fact that buyers have managed to engineer a HL is for me, so my take is that buyers are making a new attempt for 112.
5 min
Premarket we found S at the top of the congestion from 3:30 to 7:00 am. Now after a strong push we are in what looks like an uptrend. Nevertheless, this is within the context of longer term chop so one has to be careful.
Daily:
We are still moving around the 100 level, just chop from what I can see.
Hourly
After a failed attempt of buyers to take the top of the TR at 112, sellers were unable to reach the bottom. Is that a sign of strength? The fact that buyers have managed to engineer a HL is for me, so my take is that buyers are making a new attempt for 112.
5 min
Premarket we found S at the top of the congestion from 3:30 to 7:00 am. Now after a strong push we are in what looks like an uptrend. Nevertheless, this is within the context of longer term chop so one has to be careful.
