Why Overnight Highs and Lows Matter in NQ
The overnight high and low give me two useful reference points before the US cash session begins.
When price approaches either level, I watch whether it breaks through, rejects the area, or moves beyond it and then returns.
Those reactions can help me understand whether the market is exploring new prices or remaining within its previous range.
But overnight levels aren't automatic entry signals.
I combine them with market structure and current order flow before deciding whether a setup fits my plan.