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Traders Agency > Trading Ideas > NQ Daily Time Frame Holding at Down Trend Line
NQ Daily Time Frame Holding at Down Trend Line
NQ
NQ daily time frame holding at down trend line by JoshuaMartinez on TradingView.com
The NQ daily time frame is in a down trend. The market is making lower lows and lower highs.
The market just hit an up sub Fibonacci extension price 12,999.50. It is expected the market will have a bearish reaction after hitting this Fibonacci extension.
If the market can break and close below the short term up trend line, it will be a good idea to turn to the one hour time frame to look for selling ideas in the sell zone towards the daily down Fibonacci price point 9,480.75.
Join Master Trader Josh Martinez as he reveals a revolutionary new “Golden Cross” trading strategy that’s working like crazy in this volatile market...