NQ Hourly Trade Aug 11 Mon

Scenarios:

Low reward / risk with buy around this level as 15 min is unstable

If 23680 breaks and 15 min changes to down trend, wait for hourly lower high to sell

Signals:

  • Monthly pin in Apr
  • Weekly bearish BE negated
  • Daily 3B TS on Aug 8

Dow trend:

  • Daily up, change at 22750
  • 4H up, sideways at 23330, change at 23040
  • 1H up, change at 23500
  • 15 min up, sideways at 23700, change at 23680

BC trend:

  • Daily up
  • 4H up
  • 1H up

800 resistance above, first revisit

  • 4H pattern: ascending wedge
  • Daily pattern: channel
  • 1H sell signal
  • 4H ATR ~ 140
  • 1H ATR ~ 50
  • Above FOMC AVWAP

ETH TPO

Single 586

RTH TPO

POC 680

High volume bar?

  • Volume average

BB lower band (3SD):

  • Flat

BB upper band (3SD):

  • Flat

Z-score >2 or < -2?

  • 0.7

ATR/SD correlation > 0.9?

  • No