Hello everyone this is my idea for NQ on 1 hour time frame ...
As you can see black line was strong resistance .. and now is acting as strong support
Price showed good rejection from black line so we remain buyers from black line to target red line .. we want green line to hold as support meaning
no 1 hour candle close below green line .. our last line of defense is black line meaning no 1 hour close below
for any question feel free to ask :) and good luck
Note : RSI indicator might give us few hint ..
Red line was broken .. good sign
black line need to break for good support of bull idea
As you can see black line was strong resistance .. and now is acting as strong support
Price showed good rejection from black line so we remain buyers from black line to target red line .. we want green line to hold as support meaning
no 1 hour candle close below green line .. our last line of defense is black line meaning no 1 hour close below
for any question feel free to ask :) and good luck
Note : RSI indicator might give us few hint ..
Red line was broken .. good sign
black line need to break for good support of bull idea