Last week NQ finally broke out of its accumulation range by a manipulation bearish to target the sell stops below the accumulation range then an energetic reversal bullish heading towards daily external swing high at 13348.
On Friday 4/28 at 4pm New york session close we took out Thursday's High (Buyside Liquidity) at 13333. Friday's bullish run created a big Fair Value Gap imbalance on the daily chart which I'm anticipating price to retrace down into fill in the imbalance during London and New York session.
Currently on Sunday open we gaped down creating a NWOG New week opening gap and is currently consolidating showing a bearish market structure on small time frame 1min - 5min.
There's equal lows (sellside liquidity) sitting around 13169 right before the Daily FVG created on Friday which is an added confluence that price is likely to draw lower into the FVG.
If we have a bearish Market Structure Shift I believe we can retrace back into the range to 13006 - 12957 before going bullish again to take out 13348
On Friday 4/28 at 4pm New york session close we took out Thursday's High (Buyside Liquidity) at 13333. Friday's bullish run created a big Fair Value Gap imbalance on the daily chart which I'm anticipating price to retrace down into fill in the imbalance during London and New York session.
Currently on Sunday open we gaped down creating a NWOG New week opening gap and is currently consolidating showing a bearish market structure on small time frame 1min - 5min.
There's equal lows (sellside liquidity) sitting around 13169 right before the Daily FVG created on Friday which is an added confluence that price is likely to draw lower into the FVG.
If we have a bearish Market Structure Shift I believe we can retrace back into the range to 13006 - 12957 before going bullish again to take out 13348