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NQ Overnight trade 1H timeframe

Short
CME_MINI_DL:NQ1!   NASDAQ 100 E-MINI Futures
The selling strategy in the Nasdaq100 Mini futures market involves identifying patterns of sideways consolidation, such as the triangle, followed by a downward breakout. This pattern suggests a decrease in demand and a potential decline in prices. When considering a sell, it is essential to assess the risk, which would be defined by the previous maximum. After determining the risk, the take profit level is set at the center of ranges, this point represents a significant level of resistance turned support. By executing this strategy, the goal is to maximize profits by capitalizing on the market’s technical conditions and effectively managing risk, with a risk-to-reward ratio of 3.1.
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