Mondays Trade of The Day! NQZ2024
1) From the 12:00 am open onward we were in a bullish uptrend. Price was respecting this move with little to no resistance. In this time before 9:30 opening, it is creating a large opening range gap.
2) We are also inside of a Daily SiBi. at the 8:30 open price pushes higher towards the 50% area of the daily SiBi.
3) 9:30 open creates the rally to the 75% area of the Daily SiBi, this is where I found my exit.
Key Take aways: Price respecting PD arrays in the Bullish move Higher. Price is In an obvious buy program, reaching for areas of liquidity that have not been accessed for weeks. The creation of a Large Opening Range Gap and the Failure to return to 50% indicates Bullishness for the day.
2) We are also inside of a Daily SiBi. at the 8:30 open price pushes higher towards the 50% area of the daily SiBi.
3) 9:30 open creates the rally to the 75% area of the Daily SiBi, this is where I found my exit.
Key Take aways: Price respecting PD arrays in the Bullish move Higher. Price is In an obvious buy program, reaching for areas of liquidity that have not been accessed for weeks. The creation of a Large Opening Range Gap and the Failure to return to 50% indicates Bullishness for the day.
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