NQ Daily Trade Plan – 2026-08-12
🧠 Current Context NQ is holding in the upper range of its recent recovery, rotating between 29500 and 29984 for multiple sessions without committing to either direction. This is controlled absorption — the market is building a base before the next leg. The structural floor for bulls remains 29552. As long as NQ holds above it, the path toward 29984 and beyond stays open. 📊 Short-Term Structure NQ is currently inside the Bear Pivot zone at 29628–29647, pressing against key intraday support. No directional bias until price reclaims 29724 to the upside or breaks below 29552 to the downside. The Bull Pivot at 29781–29789 is the key level for continuation back toward range highs. 🟢 Bullish Strategy Bulls hold structure above 29552. Primary setup: reclaim and hold above 29733 — opens path to 29781 then 29912 and 29984. Failed breakdowns at 29650 and 29550 are the cleanest long entries in the current structure. Below 29550, flush to 29426 and recovery is the next actionable long. Failed breakdowns at 29233 and 29192 remain highly actionable on any deeper pullback. ❌ Bearish Strategy No structural bear case above 29426. A clean break below 29552 with no immediate recovery targets 29426 then 29233. Short below 29552 or 29422 after a failed recovery attempt are the clearest triggers. ✅ Summary NQ is digesting inside the Bear Pivot zone, with key support at 29550. Bulls need to reclaim 29733 for continuation toward 29984. No bear case above 29426. 📌 Support Levels: 29733, 29650, 29550, 29426, 29233, 29192, 29067, 28964, 28831 📌 Resistance Levels: 29781, 29912, 29984, 30074, 30263 📌 Plan Going Forward Above ↑: 29733 → 29781 → 29912 → 29984 → 30074 Below ↓: 29650 → 29550 → 29426 → 29233 → 29192 ✅ Key Confirmations: Strength confirmed above 29733 Weakness confirmed below 29550 ✅ Pivot Bull: 29781–29789 ✅ Pivot Bear: 29628–29650 📌 Trade Ideas: 🔷Long if reclaim and accept above: 29733 🔷Long if fail and reclaim: 29650 🔷Long if fail and reclaim: 29550 🔷Long Direct or FBD: 29426 🔷Long if fail and reclaim: 29233 🔷Counter Trend Long: 29192 🔶Counter Trend Short: 29912 🔶Counter Trend Short: 29984 🔶Counter Trend Short: 30074 🔴Short Beneath after Bounce: 29552 🔴Short Beneath after Bounce: 29422
Trade Ideas for TradingView: Click Copy Formatted Levels below, then open the Trading Levels PTZ v2 indicator on TradingView → Settings → paste into the levels field. Long entries appear in aqua, short entries in orange.
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