NQ Power Range Report with FIB Ext - 8/2/2024 Session

By mv3trader5
NQU2024

- PR High: 18979.50
- PR Low: 18841.75

- NZ Spread: 308.5

Key scheduled economic events
08:30 | Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate

AMP temporary margin increase for expected high volatility

Swing back to new weekly low, tapping 18700 inventory

Evening Stats (As of 10:35 PM 8/1)

- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 416.35
- Volume: 43K
- Open Int: 242K
- Trend Grade: Bull
- From BA ATH: -10.6% (Rounded)

Key Levels (Rounded - Think of these as ranges)

- Long: 20954
- Mid: 19814
- Short: 18675


Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.

BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
FibonaccikeylevelsystempowerrangesessionopenSupply and DemandVolatility
mv3trader5

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