NQ one hour Bouncing off support. +1,119 ticks to targetE-mini Nasdaq-100 FuturesCME_MINI:NQ1!JoshuaMartinezThe NQ one hour time frame is in a down channel. The market hit the bottom of the channel and created an up trend with an up Fibonacci with a bullish Fibonacci extension price point 29447.00 about +1,119 ticks above the market. As long as the market does not take our the Fibonacci one boundary price point 28408.25. It is expected the market to push bullish toward the Fibonacci extension. Entry: Counter trend line break bullish (ideally at 28898.75 or below, That is when the reward is larger than the risk). STOP: 28376.25 LIMIT: 29447.00 Another entry idea: If the risk off the one hour time frame is too large. It will be a good idea to turn to the smaller time frame and look for long ideas with less risk.