source avatar🅱🄰🆁🅺🆆🄾🆁🆃🅷 ™

Share

$NQ_F / $QQQ - Plan for the Coming Week Last week the plan was to look for a failed breakdown of the previous week’s low, then either reject the lower high or form a strong bull candle. The plan worked and the index closed the week bullish, which was represented by my green path. Price rejected / closed the week exactly at my upside target and diagonal, with 4-hour (my execution timeframe for swings) trend structure complete. The plan for the coming week is to buy the first daily EMA9 higher low. That would be a shallow retrace of last week’s candle, after which buyers either breakout direct, or sellers reject. For Sunday/Monday, we of course first have to see where the market opens, but essentially the expectation is to play the 4-hour turn. Dip buying is on, and I’ll be looking for a retrace of the Friday’s swing to initiate the first longs of the week. Levels and full plan in today’s newsletter.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.