TheSignalyst

NQ1! - Purple War Zone!

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CME_MINI:NQ1!   Futuros NASDAQ 100 E-mini
NQ1! is overall bullish trading inside our brown channel and now approaching the lower brown trendline acting as non-horizontal support, we will be looking for Trend-Following Buy setups.

Moreover, the 15000 is a strong round number currently acting as support.

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline.

As per my trading style:
I will be waiting for NQ1! to approach the highlighted purple circle area to look for buy setups (like a double bottom, trendline break, and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
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