MNQ 15 MINUTE CHART

This is a view of the 15 Minute Chart showing the Ichimoku ' Death Cross ' which indicates the beginning of lower prices; Also, to confirm this we see price moving into the Kumo and we see the beginnings of a Red Kumo which confirms lower prices. These in my opinion are multiple areas of convergence that confirm my overall analysis. At this point I will determine how far to move my Stop Loss. Generally, I will not move it to just below Break even until price is beneath the Kumo on the higher timeframes, specifically the 1 hour.