Fib levels from daily perspective
Nasdaq-Simple Intraday Strategy
- #4,564
- Jun 5, 2026 7:55am Jun 5, 2026 7:55am
- Joined Jan 2016 | Status: Trader | 3,928 Posts
The knee-jerk reaction was a sell-off!!!
Price has made HH-LL in H1 TF.
To go long, you need either HH or HL.
To go short, next LH is your chance.
Most likely, I'll stay sidelines for today as the news came against my direction.
Price has made HH-LL in H1 TF.
To go long, you need either HH or HL.
To go short, next LH is your chance.
Most likely, I'll stay sidelines for today as the news came against my direction.
- #4,569
- Jun 5, 2026 1:30pm Jun 5, 2026 1:30pm
- Joined Jan 2016 | Status: Trader | 3,928 Posts
Good day! Today, we have NFP data. 1- Good data will keep Price inside the consolidation area. 2- Inline and bad data will send price down to at least 29600; then 28565. Price is already below the consolidation area. Bad NFP will provide momentum to the downside. {image}
I did not trade today... Anyhow price went below 29600 and next week we`ll see 28565. Today is complete in my view. With profit taking, price should retrace a bit.
- #4,573
- Edited 7:53am Jun 8, 6:20am (47 hr ago) | Edited 7:53am
- Joined Jan 2016 | Status: Trader | 3,928 Posts
Good Week/Day!
The Weekly and Daily close were strong bearish after NFP data that triggered a projection of a Rate Increase instead of initially a rate cut!
So this week should continue the down move.
Both Asian and European sessions were in retrace mode. I see a retrace up to 50%fib before resuming down.
The Weekly and Daily close were strong bearish after NFP data that triggered a projection of a Rate Increase instead of initially a rate cut!
So this week should continue the down move.
Both Asian and European sessions were in retrace mode. I see a retrace up to 50%fib before resuming down.
- #4,574
- Jun 8, 8:38am (44 hr ago) Jun 8, 8:38am (44 hr ago)
- Joined Jan 2016 | Status: Trader | 3,928 Posts
Strong bearish OR.
So far NQ is behaving as exppected.
So far NQ is behaving as exppected.
- #4,575
- Jun 8, 9:03am (44 hr ago) Jun 8, 9:03am (44 hr ago)
- Joined Jan 2016 | Status: Trader | 3,928 Posts
Sold with the retest of the OR.
- #4,577
- Jun 8, 9:36am (44 hr ago) Jun 8, 9:36am (44 hr ago)
- Joined Jan 2016 | Status: Trader | 3,928 Posts
- #4,579
- Jun 8, 10:09am (43 hr ago) Jun 8, 10:09am (43 hr ago)
- Joined Jun 2024 | Status: Trader | 2,599 Posts
- #4,580
- Jun 8, 10:36am (43 hr ago) Jun 8, 10:36am (43 hr ago)
- Joined Jun 2009 | Status: Trend Trader | 6,313 Posts | Online Now
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