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I want to test something. It's simple. Place some random lines on your chart prior to the day opening, and see if at the end of the day you feel like those lines were important (try to imagine they weren't random, but some expensive or complicated …
Not a Trade Call, just Possible outcome @tturner86
I know we are in Strong Bear Trend, But i will be watching for Break of NQ 3825 for a Possible move up to 3852.
I am Posting Larger Intraday Chart showing Triple Bottom from Today Price Action, along with a bit Smaller Chart
showing Beginning of Move....Structure Looks Good if we can Break 3825...of Course i have been wrong before
I Agree with Needing to Break above 3850 for further moves Higher...we are on our way as we speak...next Resistance 3832....then maybe Higher during Asian season from what i am seeing.
No Go to thr up side, will wait and see what Develops above Support 3792, we did Challenge 3832 were NQ turned
down in Asian session....still no real buyers, and i think Support will be Tested again.
As price at least for me is approaching an area of interest I thought I would throw in my 2 cents and see what others thought about where price is at the moment and what it might do moving forward. Red channel is the one in question with the midpoint roughly drawn in, as far as the support and resistance goes the nearest support at 3740 might be a little weak as it has not really been tested so much but to get there price will have to break trend.