The NQ one hour time frame is in an up channel. The market hit the top of the channel is is starting to push bearish towards the bottom of the channel.
Entry: Counter trend line break bullish near a known level of U-turn either at the bottom of the channel or above the channel.
LIMIT: If entry is near the bottom of the channel. The limit will be just under the top of the channel. If entry is above the channel. The limit will be 14895.50
STOP: In the sell zone.
As long as the market stays above the bottom of the channel. 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.
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