- #1,747
- Apr 9, 2025 3:27pm Apr 9, 2025 3:27pm
- Joined Jan 2016 | Status: Trader | 3,938 Posts
End of day analysis!
As the 90-day pause came in, price bounced-up to the expected area, almost instantly! Market was seeking for any positive news for a ST relief.
I think, the retrace is done and complete as shown in the chart. A little consolidation for the next 2-3 days should be in play before resuming the down move.
Inflation data from tomorrow (be it green or red or inline) will give the rationale of the consolidation. Friday Consumer sentiment is the most important in my view.
For me today was a red day, I lost 170 points. But happy that my stop was in place; you can imagine the outcome if no STP with the pause news!
As the 90-day pause came in, price bounced-up to the expected area, almost instantly! Market was seeking for any positive news for a ST relief.
I think, the retrace is done and complete as shown in the chart. A little consolidation for the next 2-3 days should be in play before resuming the down move.
Inflation data from tomorrow (be it green or red or inline) will give the rationale of the consolidation. Friday Consumer sentiment is the most important in my view.
For me today was a red day, I lost 170 points. But happy that my stop was in place; you can imagine the outcome if no STP with the pause news!
- #1,748
- Edited 5:10pm Apr 9, 2025 4:55pm | Edited 5:10pm
- Joined Dec 2020 | Status: Re█████ | 2,872 Posts
Closed just at Yearly hl2
I searched the history for daily candles >10% (NQ Futures) 
Funny, all these extreme bull days are pullbacks during periods of major crises...
let's see how it goes this time
Nice thread, btw
I searched the history for daily candles >10% (NQ Futures)
Funny, all these extreme bull days are pullbacks during periods of major crises...
let's see how it goes this time
Nice thread, btw
Air force
- #1,749
- Apr 9, 2025 5:13pm Apr 9, 2025 5:13pm
- Joined Jan 2016 | Status: Trader | 3,938 Posts
Closed just at Yearly hl2
Closed just at Yearly hl2
Good morning.
As always, big moves require big pullbacks. 18.360,00 seems like a good area to pullback to (1). It also aligns with the 38.2% fib level.
Also, because it was a big sudden move, there were price levels left where no trades took place (a gap) as seen in the volume profile (2).
That area may also act as a magnet.
MNQ - 4H (1)
MNQ - 1M (2)
As always, big moves require big pullbacks. 18.360,00 seems like a good area to pullback to (1). It also aligns with the 38.2% fib level.
Also, because it was a big sudden move, there were price levels left where no trades took place (a gap) as seen in the volume profile (2).
That area may also act as a magnet.
MNQ - 4H (1)
MNQ - 1M (2)
- #1,753
- Apr 10, 2025 7:33am Apr 10, 2025 7:33am
- Joined Jan 2016 | Status: Trader | 3,938 Posts
Good day!
Data is good for equities. But as I mentioned it in the "end of day analysis", the data effect is limited to keep the price into consolidation for the ST (2-3 days) before resuming the down trend.
I think the consolidation area is the one highlighted in blue.
Data is good for equities. But as I mentioned it in the "end of day analysis", the data effect is limited to keep the price into consolidation for the ST (2-3 days) before resuming the down trend.
I think the consolidation area is the one highlighted in blue.
- #1,754
- Apr 10, 2025 8:47am Apr 10, 2025 8:47am
- Joined Jan 2016 | Status: Trader | 3,938 Posts
After the 5min opening range, we got a break down. This is a fake breakdown in my view. I'm not interested in Selling and to lesser extent to buying as the price is at the low of the expected consolidation area.
- #1,755
- Apr 10, 2025 8:50am Apr 10, 2025 8:50am
- Joined Jan 2016 | Status: Trader | 3,938 Posts
Here is my potential buy entry after the breakout and retest.
Good morning. As always, big moves require big pullbacks. 18.360,00 seems like a good area to pullback to (1). It also aligns with the 38.2% fib level. Also, because it was a big sudden move, there were price levels left where no trades took place (a gap) as seen in the volume profile (2). That area may also act as a magnet. MNQ - 4H (1) {image} MNQ - 1M (2) {image}
Price discovery highly likely below 18.360,00 to fill the non-traded levels. Value area starts at 18.140,00.
- #1,758
- Apr 10, 2025 11:12am Apr 10, 2025 11:12am
- Joined Jan 2016 | Status: Trader | 3,938 Posts
{quote} Target hit!
- #1,759
- Apr 10, 2025 11:32am Apr 10, 2025 11:32am
- Joined Jan 2016 | Status: Trader | 3,938 Posts
Price has retraced +50% from yesterday High. Almost retracing to yesterday tweet of 90-day pause (large green candle)!
I think price will bounce from here. Anyhow, I'm just watching it.