NQ [ NASDAQ ] WEEKLY BREAK DOWN

10 feb

NQ Is Strong Bullish And Has Been Forming New Highs On Wednesday Till Friday, I Am Still Expecting The NQ To Still Form New Highs This Coming Week. From My Mechanical Analysis There's Probabilities That The NQ Will Make A Retracement To The "4H BISI" I Mention On The Charts, Then Continue Expanding Higher. I Am Expecting This Move To Happen Monday And Tuesday. If Price Fail To Retrace Back To The "4H BISI" I Am At least Expecting Price To Take Out The Last Week Friday New York Low, Since There Are Sell Stops Resting Below There. But The 4H BISI Makes More Sense Because I Am Also Expecting Price To Drop Down To Discount Level Below 50% Of The FIB. To Accumulate More Orders Before Offering The Buyside.

If NQ Fail To Hold The 4H BISI Then I Am Expecting The 4H Sell Side Liquidity To Be Swept, But More Logic I Will Get On Market Open On What Is Really The Price Is Likely To Go To. :)