NEM on the 15-minute chart is showing a confirmed bullish continuation setup, with multiple layers of confluence aligning through the Lucky MTF indicator.
What the data is showing:
š Trade Probability Score: 70 (Good Setup) ā strong, actionable setup
šŖ Trend Strength Score: 60 ā stable, developing trend
š Relative Volume: 2.44Ć ā strong participation driving the move
š RS vs QQQ/SPY: Positive ā outperforming the broader market
š Opening Range Breakout: ABOVE ā intraday strength confirmed
āļø Price holding near VWAP (~113.77) ā key level being defended
š¢ Multi-timeframe alignment improving across intraday levels
š§ What this means
This is a textbook example of:
ā”ļø Breakout ā continuation ā controlled pullback ā potential next leg higher
The move is being supported by:
– Increasing probability
– Strong relative volume
– Improving relative strength
– Clean trend structure (higher lows + support holding)
ā” Structure and confirmation
š Higher lows continue to form
š¢ Price holding above VWAP and short-term moving averages
š UT Bot and Supertrend remain aligned with trend direction
This is not a reversal setup
ā”ļø This is continuation with confirmation
ā ļø What to watch
– Holding above VWAP is critical
– Loss of structure or VWAP could shift this into consolidation
– Higher timeframe bias remains mixed, so manage expectations
š§ Current stance
– Bias: Bullish
– Action: Favor continuation setups and pullbacks
– Invalidation: Break below VWAP / loss of higher low structure
š Why this matters
– The strength of this setup is not just the move, but the confluence behind it:
– 12-factor probability model
– Multi-timeframe agreement
– Volume + relative strength confirmation
– Built-in structure and risk framework
ā”ļø Trend + Probability + Confirmation
š Itās free:
