The NQ one hour time frame is in an up channel . The market is making higher highs and higher lows. There are two areas where a good buying trade could be found. A counter trendline break bullish near the bottom of the channel or a counter trend line break bullish above the channel.
The GC daily time frame found support at a known level of U-turn around price point 1675.00. The market is showing signs of pushing bullish and creating a new bullish trend . It will be a good idea to wait for the market to break the short term down trend line and enter back into the buy zone before looking for buy trades.
GC Daily time frame is in an up trend. The market is at a low price in the buy zone. If the buyers can prevent the sellers from breaking the uptrend line.
The ES monthly time frame is in an up trend. The market has a place holder Fibonacci extension price point 4460.25 about +224 ticks above the market. Once or if this Fibonacci extension is hit.
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Nasdaq One Hour up Channel – Aug 9th