NQ Hourly Trade Aug 5 Tue

Key points

  • Sell more if 15 min consolidation breaks down
  • Watch for a bounce at 23000

Signals:

  • Monthly pin in Apr
  • Weekly IB in Apr
  • Daily BE Jul 31

Dow trend:

  • 4H lower high
  • 1H higher high

BC trend:

  • 4H down
  • 1H up

All TFs down inactive

Consolidating above 300

  • 4H pattern: rejected by triangle neckline
  • Daily pattern: channel
  • 4H squeeze faded
  • 4H ATR ~ 160
  • 1H ATR ~ 70
  • Just above FOMC AVWAP

ETH TPO

Multiple singles around 150

RTH TPO

Multiple singles

High volume bar?

  • Volume average

BB lower band (3SD):

  • Flat

BB upper band (3SD):

  • Flat

Z-score >2 or < -2?

  • 0

ATR/SD correlation > 0.9?

  • No