NQ – 3min Chart Part 3

For the Advanced Traders among you.

Answer: It is the DP from the Prior Wave (4) low

So form a Trading perspective, you should watch the market carefully as the market reaches this DP support zone to see if you have a potential Trade setup. The “ideal” is when the market makes a 3-swing ABC decline into this DP support zone, but other potential setups include minor DP support at oscillator divergence or even a VSA high volume spike.

So let’s see what happens....

Thanks

Steve