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I usually do my analysis with MT4/CFD as it is quicker to load so price may differ but the look and feel is the same as with the e-mini NQ using Ninja.
Price has tested both the previous month's VAH/VAL. We are within the current developing value area. Theorically, i expect price to rotate within this area. However, given the current bullish sentiment, price may be in a hurry to create a new ATH.
You can see the AWN low and the W-PP. We have tested below and now trying to work back into the AWN boxes, W-PP is a magnet and resistance. I believe good solid trading above the W-PP will see the AWN High tested.
Daily you can see the overall range a bit better, we are trading inside the AMN boxes. Also watching the 5 SMA for a potential Pascal buy signal.
You can see on the 1000V we tested the ADN high at the open and it failed. Shorted there and now holding. We are testing the ADN low multiple times. I may exit if we get a buy signal here as this could be a large range on the day.
It would be nice to gather this group of NQ traders and have them all in a chat room. We could share real time ideas and learn from each other. Anyone here interested in setting such group chat?
Although volume is dead, Value was still building higher over the 2nd half of last week, wouldn't surprise me if price dips down and tests than Low volume area around 4520 and then rejects back up.
