Futures Price Outlook NQ/ES - Top Down Analysis

Published: Jul 30, 2024 Duration: 00:05:03 Category: Education

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Intro hi guys welcome back to another YouTube uh video uh in this video I'm going to give my top down analysis on NQ and Es mainly just focusing on NQ um so yeah let's get into it so I'm going to start on the weekly here so on the weekly what do I Weekly notice so first off if you trade the unicorn model what we have over here is a breaker block on the weekly we have uh displacement through the brake block leaving an FG within this brake block so we can mark this as a bullish breaker block price at the minute has uh come down we tapped this uh breaker block uh last week but also um this week so we've tapped it and now we're obviously displacing a bit higher what we also should know we have smt at the lows with es on the weekly so we have smt over here I'll mark it out so that's another confirmation that we could be looking potentially um for this now to push off higher and I'll get into my reasoning why so there's that then on the daily if I drop down and this is where I'm going to focus start focusing on um I'm going to Daily remove these markings sorry I'm going to start focusing a bit on NQ we also have smt on the daily uh at price so we have a low here a high higher low here and a lower low here and on ES we have a lower low and a lower high so we have a nice smt here as well on the daily clearly we seen that today this has been in my Essence validated because look at today's price action we got that moved to a internal range of liquidity which I can Mark out here and here um so with this being this it's kind of like what do we expect now well price is in a bearish locations uh it's in a bearish fvg we would look for shorts uh on the 5 minute if we're using the daily time frame um so with that in mind this is why I'm thinking I think personally this could potentially get invalidated so if I drop down to the 4our and this is where I'm going to switch over now to NQ and focus on NQ so NQ notice how we have a uh new day opening Gap pretty much here this is when if you remember from I think last week when price literally just complet completely just dumped so this is all is going to be a draw on liquidity in my eyes for price to reach back into um what I noticed as well what we have here we have a 4H hour bullish breaker block now I don't know if I would call that the breaker block or if I'm going to use that this candle wicks high as well but for the case of just demonstration I guess I'm going to say this which leaves a um uh fug aligned within it um and what makes it more interesting and why I think we're going to reach for higher prices is such as this new daily opening Gap um is because if you look at Price we kind of have this accumulation phase we get manipulation down to kind of seek out any resting liquidity like for example sell side liquidity here and then we got a push off with s smt um to go higher so we kind of are getting that distribution leg um higher and what I personally think could happen now this is me being I think subjective to price is that when now located on the 4our for example in a bearish FG where we look for shorts and the daily is in a bearish f so what I think potentially could happen going into tomorrow we could potentially be framing if 15 minute and 1 hour Market structure says so a short position back down before going potentially higher up which NFP which we have on Friday could take us to to fill this um so that's my kind of take on what price could essentially do this week um I think NFP if it's if this kind of AMD setup is forming now that's my kind of take on what I think price will do if has anyone got questions about that now obviously I'm being as I think I think the word is subjective to price um with the unicorn model like if price is obviously located at these location locations that I mentioned um you would look for that kind of bearish setup but that's why I'm thinking we haven't tapped this bullish breaker at the minute yet so that's my logic kind of behind it um so it'll be kind of good to see what happens this to me is very strong displacement like through all of this previous range um I think it is a bit clear um I hope it's clear that you guys can kind of see that AMD kind of set up there um but yeah that is pretty much wrapping up the video guys um if you have found this insightful please leave a like comment um and yeah take care guys have a good one

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