📈 Market Context:
The market is pricing in a potential 0.25% rate cut in the September FOMC meeting, keeping the overall structure bullish.
Although we saw a retracement after the Non-Farm Employment Change came in weaker than expected, bullish sentiment remains intact.
Currently, market sentiment has shifted to neutral from last week’s greed. Augusts are often choppy and prone to retracement/accumulation, but structurally, bulls still hold the upper hand.
🧾 Weekly Recap:
• NQ started the week strong with price discovery, pushing higher from Monday to Thursday.
• Eventually, price ran a key 4H swing liquidity, which led to another all-time high.
• That move was followed by the start of a healthy retracement, signaling short-term distribution.
📌 Technical Outlook & Game Plan:
→ I'm expecting price to run into the Monthly Fair Value Gap — a major liquidity magnet in my model.
→ That move could generate significant bullish energy — at least a short-term bounce, if not a full reversal.
→ Until then, I remain bearish targeting 22,583 (my marked black line).
🎯 Setup Trigger:
After price takes 22,583, I’ll watch for:
• 4H–1H break of structure (BOS)
• Formation of fresh demand zones
→ Upon LTF confirmation, I’ll look to go long aiming for another test of all-time highs.
📋 Trade Management:
• Stoploss: Below the 1H–4H demand zone
• Target: Trailing stop strategy; aggressive profit-taking on the way up
• Note: Final target could be all-time highs, but I’ll manage the position actively
💬 Like, follow, and comment if this outlook adds value to your trading. Educational content and more setups are coming soon — stay tuned!
The market is pricing in a potential 0.25% rate cut in the September FOMC meeting, keeping the overall structure bullish.
Although we saw a retracement after the Non-Farm Employment Change came in weaker than expected, bullish sentiment remains intact.
Currently, market sentiment has shifted to neutral from last week’s greed. Augusts are often choppy and prone to retracement/accumulation, but structurally, bulls still hold the upper hand.
🧾 Weekly Recap:
• NQ started the week strong with price discovery, pushing higher from Monday to Thursday.
• Eventually, price ran a key 4H swing liquidity, which led to another all-time high.
• That move was followed by the start of a healthy retracement, signaling short-term distribution.
📌 Technical Outlook & Game Plan:
→ I'm expecting price to run into the Monthly Fair Value Gap — a major liquidity magnet in my model.
→ That move could generate significant bullish energy — at least a short-term bounce, if not a full reversal.
→ Until then, I remain bearish targeting 22,583 (my marked black line).
🎯 Setup Trigger:
After price takes 22,583, I’ll watch for:
• 4H–1H break of structure (BOS)
• Formation of fresh demand zones
→ Upon LTF confirmation, I’ll look to go long aiming for another test of all-time highs.
📋 Trade Management:
• Stoploss: Below the 1H–4H demand zone
• Target: Trailing stop strategy; aggressive profit-taking on the way up
• Note: Final target could be all-time highs, but I’ll manage the position actively
💬 Like, follow, and comment if this outlook adds value to your trading. Educational content and more setups are coming soon — stay tuned!
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.