2021/10/07 8:48 AM – NASDAQ 100 MINI FUT – D1 – 50% FIB RET FILLED @ 14883

NQ1 – D1 – 50% FIB RET FILLED @ 14883 by Ironman8848 on TradingView.com

Volatility seen yesterday inside the triangle pattern ; indeed after having been under selling pressure,
test of the triangle support line, which finally hold and trigger a nice rebound, in breaking on the upside in
reaching a high so far of 14’905, filling on its way up the 50% Fibonacci retracenent @ 14’883 of the former leg down from 15’399 to 14’367.


The ETCUSD is also facing its first significant resistance (Tenkan-Sen & conversion line) which coincides with the bottom of the dailyclouds resistance too…Watch also the lagging line, which, for the time being, managed to recover above the clouds.


Slightly above there is the 61.8% Fib ret ƒ 15’005 ahead of MBB @ 15’065 (good leading indicator, as already mentioned on many occasions in my technical analysis).


CONCLUSION :


Watch, on a daily closing basis the following levels :


ON THE UPSIDE : 15’065


ON THE DOWNSIDE : 14’750


And last but not least, monitor closely shorter time frames…


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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