The NQ one hour time frame broke the down trend line and entered into the buy zone. The market is now in an up trend. The goal is to look to buy low prices in the buy zone towards the daily up Fibonacci extension price point 14895.50
Entry: Counter trend line break bullish in the buy zone.
STOP: 12559.00
Short term limit: 13433.00 Longer term limit: 14895.50
As long as the market stays in the buy zone. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long opportunities. Tunnel Trader long can help with lowering the risk.
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