NQ Hourly Trade Aug 6 Wed

Key points

  • Bounced at 23050
  • Watch 250 single with b-shaped profile yesterday

Signals:

  • Monthly pin in Apr
  • Weekly bearish BE in last week of Jul
  • Daily bearish BE Jul 31

Dow trend:

  • 4H higher low
  • 1H downtrend

BC trend:

  • 4H getting retested
  • 1H down

All TFs down inactive

Did not reach 23000

  • 4H pattern: rejected by triangle neckline
  • Daily pattern: channel
  • 4H squeeze faded
  • 4H ATR ~ 140
  • 1H ATR ~ 80
  • Just below FOMC AVWAP

ETH TPO

Single around 250

RTH TPO

b-shaped

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