NQ one hour up channel
The NQ one hour time frame is in an up channel.
The market hit the top of the channel is is
starting to push bearish towards the bottom of
the channel.
Entry: Counter trend line break bullish near a
known level of U-turn either at the bottom of
the channel or above the channel.
LIMIT: If entry is near the bottom of the
channel. The limit will be just under the top
of the channel.
If entry is above the channel. The limit will
be 14895.50
STOP: In the sell zone.
As long as the market stays above the bottom of
the channel. It will be a good idea to turn to
the five minute time frame and to look for
tunnel trader long / destination trader long
opportunities.
The market hit the top of the channel is is
starting to push bearish towards the bottom of
the channel.
Entry: Counter trend line break bullish near a
known level of U-turn either at the bottom of
the channel or above the channel.
LIMIT: If entry is near the bottom of the
channel. The limit will be just under the top
of the channel.
If entry is above the channel. The limit will
be 14895.50
STOP: In the sell zone.
As long as the market stays above the bottom of
the channel. It will be a good idea to turn to
the five minute time frame and to look for
tunnel trader long / destination trader long
opportunities.
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