High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
On Wednesday NQ opened with a gap-down to support and into oversold zone on the intraday 5-minute time-frame.
NQ then rallied to retest the high before sellers tanked it back down to retest .the morning low, a sideways consolidation typ[e of day, setting up the next rally day or a down day if the counter-trend rally has ended.
Key price level for NQ on Thursday will be at 11,575, bullish above it and bearish below it. Resistance is at 11,750 and support at 11,400 and 11,300
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