Profound Analysis

NQ on the Monthly Timeframe: Surely this market has been selling off heavily on the lower timeframe, but on the monthly timeframe the overall trend is still an uptrend making higher highs and lows. Price is pulling back down to the previous higher low structure around 17,400 zone, which i can see their being some large orders that may be waiting to trigger there as each time looking left price reacted very sharply to the upside before, and surely can do it again. I will be watching price action on the lower timeframe once reaching the key higher timeframe structure zone below for a potential sign of a bullish reversal.

USDJPY on 4 Hour: Price last week, rejected off the top of the rising wedge bearish reversal pattern, forming a doji into the key area of resistance to the left as well. This week, I am looking at the structure region above for a retest / lower high for a potential short setup, or a break of the wedge and support for futher downside momentum.

NQ on the Daily Timeframe: Price to finish off last week formed a strong reversal rejection candlestick at a key level higher timeframe zone. This upcoming week, I will be looking at the lower timeframe for a potential bullish structure to form.