Post
Post

NQ tagged the first liquidity zone (white box) over night. Structure looks impulsive which we would expect for a C wave of an ABC correction. Currently retracing in a potential wave 2 and already in the golden pocket. 25,666 is a key resistance level which is lining up exactly with 0.5 retracement of wave 1 so we should get a rejection there. Acceptance above would be a cause for concern regarding the continuity of the correction

Published Feb 02, 2026Updated Feb 02, 20262 min read
NQ tagged the first liquidity zone (white box) over night. Structure looks impulsive which we would expect for a C wave of an ABC correction. Currently retracing in a potential wave 2 and already in the golden pocket. 25,666 is a key resistance level which is lining up exactly with 0.5 retracement of wave 1 so we should get a rejection there. Acceptance above would be a cause for concern regarding the continuity of the correction
Article image 1