Chart Breakdown: MES1! & MNQ1! – 4H Timeframe Analysis by GOAT
This dual-pane chart presents a detailed technical analysis of the E-mini S&P 500 Futures (MES1!) and Micro Nasdaq Futures (MNQ1!) on the 4-hour timeframe, designed with a custom visual aesthetic and proprietary tools by GOAT.
🔺 Left Panel – MES1! (4H):
Price Action: MES is trading within a broad rising channel, currently testing key support near 6,020 after a textbook Head and Shoulders formation.
Overlays: A dynamic channel structure and multiple Fibonacci-like zone levels guide potential bounce or breakdown scenarios.
Bearish Divergence: RSI shows clear bearish divergence leading into the recent highs—highlighted with trendline markers.
Support Zones: Immediate support around 5,973, with deeper support levels around 5,905 and 5,808 if breakdown confirms.
🔵 Right Panel – MNQ1! (4H):
Structure: MNQ is also respecting a broader bullish channel with intermediate pullbacks. Current structure shows an active Inverse Head and Shoulders setup with a neckline breakout possible above 21,930.
Trade Markups: An active long trade is visible with entry, stop-loss, and take-profit zones marked (+784 ticks risk, +4,220 ticks potential reward).
Dynamic Zones: Blue channel and volume-weighted zones provide a context for supply/demand imbalances.
Momentum: RSI recovering from oversold territory with signs of early bullish reversion.
📉 Bottom Pane – RSI Comparison:
MES RSI (Left): Bearish divergence structure leading to local weakness; neutral at ~47.
MNQ RSI (Right): Bullish rebound attempt with higher low in RSI compared to price, suggesting a possible positive divergence.
🧠 Summary:
This setup highlights potential short-term bullish reversals on MNQ1! and trend exhaustion on MES1! using classic pattern recognition (H&S and inverse H&S), custom channel tools, and momentum divergences. Ideal for traders watching high-probability inflection points on U.S. index futures.
⚙️ Designed for educational purposes. Not financial advice.
This dual-pane chart presents a detailed technical analysis of the E-mini S&P 500 Futures (MES1!) and Micro Nasdaq Futures (MNQ1!) on the 4-hour timeframe, designed with a custom visual aesthetic and proprietary tools by GOAT.
🔺 Left Panel – MES1! (4H):
Price Action: MES is trading within a broad rising channel, currently testing key support near 6,020 after a textbook Head and Shoulders formation.
Overlays: A dynamic channel structure and multiple Fibonacci-like zone levels guide potential bounce or breakdown scenarios.
Bearish Divergence: RSI shows clear bearish divergence leading into the recent highs—highlighted with trendline markers.
Support Zones: Immediate support around 5,973, with deeper support levels around 5,905 and 5,808 if breakdown confirms.
🔵 Right Panel – MNQ1! (4H):
Structure: MNQ is also respecting a broader bullish channel with intermediate pullbacks. Current structure shows an active Inverse Head and Shoulders setup with a neckline breakout possible above 21,930.
Trade Markups: An active long trade is visible with entry, stop-loss, and take-profit zones marked (+784 ticks risk, +4,220 ticks potential reward).
Dynamic Zones: Blue channel and volume-weighted zones provide a context for supply/demand imbalances.
Momentum: RSI recovering from oversold territory with signs of early bullish reversion.
📉 Bottom Pane – RSI Comparison:
MES RSI (Left): Bearish divergence structure leading to local weakness; neutral at ~47.
MNQ RSI (Right): Bullish rebound attempt with higher low in RSI compared to price, suggesting a possible positive divergence.
🧠 Summary:
This setup highlights potential short-term bullish reversals on MNQ1! and trend exhaustion on MES1! using classic pattern recognition (H&S and inverse H&S), custom channel tools, and momentum divergences. Ideal for traders watching high-probability inflection points on U.S. index futures.
⚙️ Designed for educational purposes. Not financial advice.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.