My Market profile trade plan

NQ has staged a massive V-bottom rally into yesterday's NY afternoon session, which closed deep in Friday's value beyond Thursday's POC.
It signals the change in the tone and the return of risk on trade.

At this time of speaking, the Globex session is trading in the gap between Wednesday and Thursday.
The likely target today is to to challenge last week's POC at 6895 and VPOC at 6900.
I would expect some response from that region to give me a couple of scalps.
If NQ were to able to capture back the 6900 level, the next target is 7050 and there is not a lot of structure below 7050 to stop its advances.

Absorption appeared in NQ when it trades near yesterday's closing print.
It is a sign of bullishness.

Guess where Pound has turned around after a big sell-off today?
Last week's POC.
Magic or manipulation?

you have a lot of air to the south

I was out for a tennis match.
What a rout in Nasdaq after the lunch break in NY.
It broke down like no other.
Look at the chart. It is like end of the world capital flight.
Is this really the beginning of the end of the tech sector? Finally the second Nasdaq boom is coming to an end.
Anyway, we have 6500 points more to smash in the not so distant future.

Pound is rejected from the Monday's value low as it attempted to trade back into Monday's range after yesterday's big sell-off.

At the forefront of the tech rout, it is the FB who is leading the charge to the downside.
Yesterday, after the failed attempt to trade back into last week's value area, it got rejected and was sold hard by the investors.
We are going to monitor this stock closely for further down side break down as a signal for pressing more shorts on Nasdaq.

NQ range bound within a box between 6580 and 6490.
The yesterday's low seems to be tested and the supplies are absorbed at the low. The big up leg since the 13:00 CET is a result of the short squeeze of the traders who have shorted at the low. We could rotate back down to daily POC or daily VWAP before NY equity open.

Bearish absorption appear in Dow at 23980 level.
High conviction rejection for dow. Dow would have to clear this level before it is able to advance any further to upside.

I'm in the short to the cross

this is the last one for today, hope he goes through all poc

I also see that with the dow, I do not do it myself
goes too fast

a range is there

Definitely Deep Magic - interesting thread & please keep the DAX levels comin’

I was in the Binnenstad of Utrecht this morning ...

dax level, we will also look at us, thank you for your demand
dax daily in the box

Really!
Are you coming to Utrecht often?
Next time we should get together and grab a bear somewhere in binnenstad Utrecht.

NOt bad.
You are trading DAX with harmonic patterns?
I think Dax might be the best instrument to trade with Harmonic patterns intraday.
It is so manipulated by the algos.

you're right you just have to wait for a signal

1.poc

NQ 1 min wow