NQ Sweep of Quarterly Low → Retracement Setup into Range

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NQ Sweep of Quarterly Low → Retracement Setup into RangeE-mini Nasdaq-100 Futures (Jun 2026)CME_MINI:NQM2026propfirmwiseNQ has taken liquidity below the previous quarterly low, completing a sell-side sweep. Following that, price delivered displacement to the upside, suggesting a potential short-term shift in order flow. Price has since retraced back into the dealing range and tapped into a higher timeframe BISI, with a clear reaction around the 50% level. This rejection indicates responsive buying, but not full confirmation of continuation yet. On the higher timeframe, the H1 standard deviation aligns with the recent high, adding confluence for potential upside targets. Despite the absence of SMT divergence at the lows, the relative equal lows were cleanly engineered and efficiently swept, which supports the liquidity narrative. Expectation: Looking for a controlled retracement lower within the range before expansion higher. Targets: Previous Day High (PDH) Wednesday High Execution Plan: Wait for price to retrace into Key lvl within the range and look for confirmation (lower timeframe displacement or entry model) before positioning long.