NQ - Is A Short-Term Rally Prominent?
Similar to ES, NQ has witnessed a shift in market structure within 2 days of trading within this month, running below July's monthly lows into April's order block.
Macro Sellside liquidity located @ $17388.75 would be a push for me to target as of now as there is intra-day arrays in-between current price action and monthly lows.
Price action reacted perfectly from the weekly volume imbalance @ $18,411.50 - 18,354.50 as well as the liquidity pool below 28th May weekly down close candle's low which gives me the indication business has been temporarily completed.
$18,861.75 rejection block is where i have my scopes tuned to but i am not opposed to a continuation to the downside as long as $18,354.50 is respected on the daily timeframe.
Macro Sellside liquidity located @ $17388.75 would be a push for me to target as of now as there is intra-day arrays in-between current price action and monthly lows.
Price action reacted perfectly from the weekly volume imbalance @ $18,411.50 - 18,354.50 as well as the liquidity pool below 28th May weekly down close candle's low which gives me the indication business has been temporarily completed.
$18,861.75 rejection block is where i have my scopes tuned to but i am not opposed to a continuation to the downside as long as $18,354.50 is respected on the daily timeframe.
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