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Traders Agency > Trading Ideas > NQ Hitting Daily Downtrend Line
NQ Hitting Daily Downtrend Line
Crude Oil Futures (CL)
NQ hitting daily downtrend line by JoshuaMartinez on TradingView.com
The NQ daily time frame is in a down channel.
The market hit the top of the channel and is now making lower lows and lower highs, pushing towards the bottom of the channel.
The market has a down Fibonacci with an extension price point 9,595.25, about -6,966 ticks below the market.
As long as the market stays below the down trend line, it will be a good idea to turn to the one hour time frame and look for high prices in the sell zone.
Join Master Trader Josh Martinez as he reveals a revolutionary new “Golden Cross” trading strategy that’s working like crazy in this volatile market...