🕵️ Chart Overview
• Instrument: MNQ1! (Micro Nasdaq Futures, continuous contract)
• Timeframe: 4H
• Method: Volume Profile + Price Action + Supply/Demand
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🔷 Technical Commentary
Entry Zone
• Price Range: 23,463.25 – 23,608.25
• Context: Clearly marked supply zone formed after a strong rejection wick and drop, likely a mitigated order block or an area with resting sell orders.
• Price recently tapped into the bottom edge of this zone and is showing signs of reaction.
• You’re targeting this as an ideal short re-entry point on a retracement move.
Confluence Factors
• Volume Profile: High volume node (HVN) just below the entry zone, suggesting this area previously acted as fair value before price got rejected.
• Structure: Bearish internal structure shift after that strong swing high. Price created a lower high and lower low, supporting the short idea.
• Clean break & retest: You’ve waited for the pullback to a previous area of interest—textbook risk-efficient trading.
TP Area
• Target Range: ~22,800s zone
• Likely drawn from:
• Previous demand area
• Volume gap / low-volume node
• Strong bounce from this zone last time suggests it’s a key support.
• Gives a nice 2–2.5R setup, depending on your SL.
⸻
🧠 Trade Logic Summary
• Bias: Bearish
• Entry: Short within the 23,463.25 – 23,608.25 zone (watch for rejection wicks / internal breakdown on LTF).
• Confirmation: Price reaction or reversal pattern in the zone (e.g., bearish engulfing, LTF BOS).
• TP: 22,800 region (just above the previous demand zone)
• SL: Just above 23,608.25 to invalidate the idea.
⸻
✅ Strengths
• Clear market structure shift
• Volume Profile confirmation
• Defined RR with institutional-style entry
• Good use of supply zone logic (not chasing entries)
⸻
⚠️ Things to Monitor
• If price closes above 23,608, setup invalidates and you may be looking at a liquidity grab and continuation to 23,800+
• Watch for bullish absorption in your entry zone. That would be a red flag.
• NFP / FOMC or any other scheduled macro events? Check the calendar before execution.
• Instrument: MNQ1! (Micro Nasdaq Futures, continuous contract)
• Timeframe: 4H
• Method: Volume Profile + Price Action + Supply/Demand
⸻
🔷 Technical Commentary
Entry Zone
• Price Range: 23,463.25 – 23,608.25
• Context: Clearly marked supply zone formed after a strong rejection wick and drop, likely a mitigated order block or an area with resting sell orders.
• Price recently tapped into the bottom edge of this zone and is showing signs of reaction.
• You’re targeting this as an ideal short re-entry point on a retracement move.
Confluence Factors
• Volume Profile: High volume node (HVN) just below the entry zone, suggesting this area previously acted as fair value before price got rejected.
• Structure: Bearish internal structure shift after that strong swing high. Price created a lower high and lower low, supporting the short idea.
• Clean break & retest: You’ve waited for the pullback to a previous area of interest—textbook risk-efficient trading.
TP Area
• Target Range: ~22,800s zone
• Likely drawn from:
• Previous demand area
• Volume gap / low-volume node
• Strong bounce from this zone last time suggests it’s a key support.
• Gives a nice 2–2.5R setup, depending on your SL.
⸻
🧠 Trade Logic Summary
• Bias: Bearish
• Entry: Short within the 23,463.25 – 23,608.25 zone (watch for rejection wicks / internal breakdown on LTF).
• Confirmation: Price reaction or reversal pattern in the zone (e.g., bearish engulfing, LTF BOS).
• TP: 22,800 region (just above the previous demand zone)
• SL: Just above 23,608.25 to invalidate the idea.
⸻
✅ Strengths
• Clear market structure shift
• Volume Profile confirmation
• Defined RR with institutional-style entry
• Good use of supply zone logic (not chasing entries)
⸻
⚠️ Things to Monitor
• If price closes above 23,608, setup invalidates and you may be looking at a liquidity grab and continuation to 23,800+
• Watch for bullish absorption in your entry zone. That would be a red flag.
• NFP / FOMC or any other scheduled macro events? Check the calendar before execution.
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.
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.