Bounced off last week's high so far. Full gap close @ 68,75. I have orders to buy @ 70 with a 10 point stop, but it's possible I missed the LOD. Unless this is a full melt-down and the start of a larger correction, I think we have the bottom in this area.
If nq can start trading above 11556.00 good chance we get at least 30-50ish point up move. Edit: 11961.50 will make this candle close above the 11556.00 too. I don't currently have a position, but looking for one, just havent found it
I think we might miss it, if we go all the way back to lows going to be a rough long. But I can't find an entry here that I really like. NQ pulled back like 30 point as soon as I posted, but didn't buy it.
I had that order @ 70 when price moved lower and considered just hitting a market order, but hesitated. It's tempting to go long, but I don't like the R/R and it's likely a FOMO trade. I'll go long @ 70 or when the next leg down culminates. Anything in between - I'll pass.
Yeah, it's definitely a FOMO, that's why I didn't take it either. Too much risk buying up here or if you lighten your risk, you're likely lowering your probability as stop will just be hit in this current environment. So, on the same page.