2021/09/20 14:51 PM – ALL TIME FRAMES AT A GLANCE

NQ1 – ALL TIME FRAMES AT A GLANCE by Ironman_8848 on TradingView.com

M1 : Long term picture is still showing an ongoing  uptrend channel ; nevertheless, first signs of 
a potential reversal is in progress (black candle in progress, which should, of course, be confirmed 
on a monthly closing basis at the end of September. 


W1 : The ongoing weekly candle is also in the progress to confirm the last 2 candles (black too !); a first support 
15’209 has been reached, with the next significant support 14’658 (Mid  Bollinger Band ) ahead of 14’242 ( KS ). 
A failure to hold above the latter level would trigger a downside acceleration, calling for a move towards the clouds 
support area , currently around 12’800-13’000) 
Watch 15’209 on a weekly closing basis,  bullish above and  bearish below 


D1 : Kijun-Sen on this time frame is in the progress to be broken (should be confirmed by today’s closing level) ! 
First significant  support level on this time frame is @ 14’900 (top of the clouds) ahead of 14’300 (bottom of the clouds). 
As for W1, 15’209 should also be seen as the Key  pivot level for further development. 
A failure to recover and hold above this level would put further selling pressure over the coming sessions.

 
H4 : Well below the clouds with a lagging line below the clouds too. 
Looks like furter downside is coming 


H1 : As for H4, below the clouds,  TS ,  MBB and  KS , trend is down. Only a recovery above 15’300 would neutralise, on intraday basis, the ongoing bearish price action 

30 m /15 m : Same comment than for H1 

5 m : Little  bullish  RSI divergence which stopped temporary the downside move (very short term corrective move only) any recovery should be confirmed by longer time frame. 

CONCLUSION : 

A SWITCH OCCURED FROM A BULL TREND TO A NEW BEAR TREND ! 

WATCH NEW DAILY DOWNTREND RESISTANCE LINE (currently around 15’500 AS THE BAROMETER FOR FURTHER DEVELOPMENT 

All the best and take care 
Ironman8848 

Disclaimer :

All views expressed on my analysis are my own and do not represent the opinions of any entity, whatsoever with which I have been, I am now or I will be affiliated with. Any action you take upon the information on those analysis is strictly at your own risk and should not be considered as an advisory. The author assumes no responsibility or liability for any errors or omissions in the content of his analysis. The information contained is provided on an «as is» basis, with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, express or implied. 

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