Yep, weakness started to creep in on NQ this time.
Firstly, the higher timeframes shows massive divergence, even when whales tried to push the price high and continue the trend, massive shorts came in with massive volume. It only tells me that bears are in control this time, and they are coming in with force.
So technically, iam looking for a short up until 22,858
What is really confusing is that also gold is showing weakness which is really something odd, so either iam right in my analysis for Gold and NQ or iam wrong in one of them.
But we will see.
Firstly, the higher timeframes shows massive divergence, even when whales tried to push the price high and continue the trend, massive shorts came in with massive volume. It only tells me that bears are in control this time, and they are coming in with force.
So technically, iam looking for a short up until 22,858
What is really confusing is that also gold is showing weakness which is really something odd, so either iam right in my analysis for Gold and NQ or iam wrong in one of them.
But we will see.
Note
Looking at the chart again, it seems like whales manipulated the price higher extremely yesterday. Really, i think its a good short. Hopefully, it goes through
I think i will go max contracts on this trade.
Trade closed: target reached
Told you so. Stay tunned for the next one.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.