NQ1!: VOLATILITY CYCLES / POINT OF CONTROL / OVER SUPPLY / MACRO
DESCRIPTION: In the chart above I have provided a MACRO analysis on NQ1! which runs a similarly distinctive path to SPY, SPX, & ES1!. This chart is designed to create a clear separation between periods of volatility and shift in momentum. Each cycle beings and ends in the given order of OVERSOLD to OVERBOUGHT to OVERSOLD.
POINTS:
1. Deviation of 900 Points per Supply & Demand Channels. Deviation of 1,000 Points between Supply & Demand Pockets.
2. Current Cycle END was predicted by taking the average of past 4 cycles which results in a MEAN VALUE of 78 BARS.
3. Green Vertical Lines: Beginning of Bear Market & upcoming end of following cycle.
4. Orange Vertical Lines: Represent flip in MACD trajectory and overall shift in Pice Action Momentum.
5. ARCS represent OVERSUPPLY Price Action Momentum where price action lacks consolidation and is making brief REACH OUT of past Supply & Demand Pocket.
IMPORTANT: Current POINT OF CONTROL stands at 11,700 in relation to current Supply & Demand Pocket.
MACD: MACD EMA flips on the DAILY timeframe are indicative of a shift in in momentum.
RSI: A common RSI level of 35 is reached throughout every cycle which is indicative of an upcoming shift in trend.
SCENARIO #1: In a BULLISH scenario price action must find support at 11,700 with either a strong bounce from bottom of DEMAND ZONE OR SIDEWAYS CONSOLIDATION at the very least.
SCENARIO #2: In a BEARISH scenario price action breaks past 11,700 to the downside and further continues downward momentum to 10,700 which would be the SPY LEVEL EQUIVALENT of 360.
FULL CHART LINK: tradingview.com/chart/UUCv2fGk/
NQ1!
POINTS:
1. Deviation of 900 Points per Supply & Demand Channels. Deviation of 1,000 Points between Supply & Demand Pockets.
2. Current Cycle END was predicted by taking the average of past 4 cycles which results in a MEAN VALUE of 78 BARS.
3. Green Vertical Lines: Beginning of Bear Market & upcoming end of following cycle.
4. Orange Vertical Lines: Represent flip in MACD trajectory and overall shift in Pice Action Momentum.
5. ARCS represent OVERSUPPLY Price Action Momentum where price action lacks consolidation and is making brief REACH OUT of past Supply & Demand Pocket.
IMPORTANT: Current POINT OF CONTROL stands at 11,700 in relation to current Supply & Demand Pocket.
MACD: MACD EMA flips on the DAILY timeframe are indicative of a shift in in momentum.
RSI: A common RSI level of 35 is reached throughout every cycle which is indicative of an upcoming shift in trend.
SCENARIO #1: In a BULLISH scenario price action must find support at 11,700 with either a strong bounce from bottom of DEMAND ZONE OR SIDEWAYS CONSOLIDATION at the very least.
SCENARIO #2: In a BEARISH scenario price action breaks past 11,700 to the downside and further continues downward momentum to 10,700 which would be the SPY LEVEL EQUIVALENT of 360.
FULL CHART LINK: tradingview.com/chart/UUCv2fGk/
NQ1!
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