*disclaimer: Not financial advice. This is my personal trade plan only. I am not qualified or licensed to advise anyone on their specific positions or trades, I am sharing my personal opinions only. Never make financial decisions based on any information on this site or any associated platforms. Always consult a professional for investment related advice and do your due diligence*
Overview:
- Great bounce from the lower zone. On track to reach the upper zone where I will look for shorts. The move to the upper zone could take a number of paths on the lower timeframes, but one way or another I expect a break of 4535 tomorrow or Thursday.
- $NQ tracking nicely towards the upper zone. There is 2H supply just above 15k. I will bee looking for shorts from this zone
$RTY has several different possibilities, nothing clear at the moment. I will update this tomorrow if something becomes clear
Setups:
- Please take a moment to review my trading strategies outline to better understand my setups
EWT Setups:
- Still watching this setup… looking for an impulse down that takes out a key low (ideally 1816). My entry will be on the corrective bounce that follows.
- Watching for a rejection from the upper fib/supply zone. If/When this zone is reached and rejected I will be looking for LTF entry opportunities.
Day Trade Setups:
- Type 3 Setup – Bullish algo – 8/21 1D EMA support – FTFC – Stops will be trailed on the 1H – Must open within today’s range
- Type 2 Setup – Bullish algo divergence – Must open within today’s range
- Type 2 Setup – Bearish exhaustion – Bullish algo divergence – Must open within today’s range