NQ Hourly Trade Jul 31 Thu

Key points

  • Can short at 800 but take partial profits at 600 if retracing on 15 min time frame
  • Go long at 600, first bounce should be good

Signals:

  • Monthly pin in Apr
  • Weekly IB in Apr
  • Daily BE Jul 29 negated

Dow trend:

  • 4H and 1H uptrend

BC trend:

  • 4H up
  • 1H up

All TFs up active, but reaching extremes

Suspected level at 800

  • 4H pattern: broadening triangle
  • 1H pattern: double top broken out
  • 4H squeeze
  • Daily squeeze
  • 4H ATR ~ 100
  • 1H ATR ~ 75
  • AVWAP support

ETH TPO

Single 620

RTH TPO

Triple selling at ~ 500

Poor low 360

High volume bar?

  • Volume higher

BB lower band (3SD):

  • Flat

BB upper band (3SD):

  • Slightly up

Z-score >2 or < -2?

  • 2

ATR/SD correlation > 0.9?

  • No