Good morning, Traders!
The Nasdaq futures market (NQ) is looking great! I expect a nearly +3000 tick push within the daily timeframe and a +800 tick movement in the one-hour timeframe!
Both the long-term and short-term directions for the NQ are up, with the market continuing to make positive moves within the up channel. That means we have some pretty big opportunities to make money in this market.
The market is moving from support to resistance in the long run. We could see a short retracement along the way, but that’s just a temporary dip along the way to the up Fibonacci extension. To make sure you know more about Fibonacci movements, check out this complimentary article I wrote.
Now let’s dive into the daily and one-hour timeframe analysis for the NQ as we prepare for our trading day!Daily Timeframe Analysis
The NQ daily timeframe is making all of the right moves as it continues along its upward path. The market is moving away from support and headed to the next level of resistance. That means we’ll see a +3000 tick bullish push within the daily timeframe!DAILY TIMEFRAME
The direction within the daily timeframe is up
The one-hour timeframe is holding to a positive direction
The NQ has U-turned off support and is headed toward resistance
The NQ daily timeframe is holding to a positive trend. The market has U-turned off support (short green arrows) and is rallying toward the next up Fibonacci (upper blue line)
There could be a retracement (temporary price drop) along the way (yellow line), but the market should bounce back off support and continue its positive climb toward the up Fibonacci.
Before you do anything with this trade, you’ll need to study up on how to enter a market on counter trendline breaks. You can utilize my free resources on the subject here.
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One-Hour Timeframe Analysis
The direction within the one-hour timeframe is up, with the market breaking through our counter trendlines (short diagonal grey lines) and making a bullish run within the buy zone.
The one-hour timeframe for the NQ looks excellent! We’ve broken the counter trendlines (short diagonal grey lines) and made a strong push toward the next up Fibonacci extension (light blue line at the top).
This current setup within the one-hour timeframe is phenomenal. The trend is strong and should give us plenty of opportunities to execute our entry strategy. That means this is a money-making trade that you absolutely can not miss out on! This is a +800 tick opportunity, but it’s going to hit quickly. Check out my article on how to get started in futures trading if you’re ready to jump in!The Bottom Line
The NQ is in exciting territory right now. Both the long-term and short-term directions are solidly positive, the market has broken the counter trendline, and we’re seeing movement toward the next up Fibonacci extensions. This is a great time to jump in and make money in the Nasdaq futures market! Remember, we could see a slight price dip along the way, but that won’t prevent us from making a profitable trade as the market continues to move up.
The NQ is presenting a wonderful opportunity to make money in the futures market!
You now have what you need to plan your trades for the NQ, but do you know how to actually make money from them? I’ll show you how it all works! You just have to make the decision to get started.
Keep On Trading,
Mindset Advantage: Be Positive
Eliminate words like failure and loss.
It’s now all a learning experience.
That wasn’t a loss – just a new way NOT to do something.
That wasn’t a failure – just a way to manage expectations.
It’s ALL good.
Onward!Traders Training Session