NQ1! Supply and Demand Levels 8/6/23 (15MIN TF)
Link to chart: tradingview.com/chart/5XGqlTVf/?symbol=CME_MINI:NQ1!
Looking at the higher timeframe, we hit a ceiling of multiple rejections to the upside. On the /ES, we tapped into the 2022 highest resistance and we were immediately shut out.
Coming into this week, we do have important news that can rampage the numbers and volatility.
I am not planning to trade much but I wanted to share the levels on my chart that I am watching. Based on the pattern formations we can have a double top on the daily or a double bottom on the 4HR, and with news it may push 1-3% change. Following the pivot points on the 4HR as well.
EOW Possibilities:
BULLS: 15735-15900
BEARS: 15020-15166
Looking at the higher timeframe, we hit a ceiling of multiple rejections to the upside. On the /ES, we tapped into the 2022 highest resistance and we were immediately shut out.
Coming into this week, we do have important news that can rampage the numbers and volatility.
I am not planning to trade much but I wanted to share the levels on my chart that I am watching. Based on the pattern formations we can have a double top on the daily or a double bottom on the 4HR, and with news it may push 1-3% change. Following the pivot points on the 4HR as well.
EOW Possibilities:
BULLS: 15735-15900
BEARS: 15020-15166
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