/NQ # technical analysis Weekly
Based on weekly timeframe /nq forming the head and shoulders pattern trading at the crucial support of the neckline.
strong support - 10500 - 10700 ,10900
if the previous low level 10900 broke its support then 10700,10500 possible acts as a bounce area. Buyers can take control.
Buy the dip at this zone. risk management is needed to hold futures.
resistance - 12000 short the rip
On failure to hold 10500-700 level can lead to lot of selling pressure.
Happy Trading only for educational purpose!!!
strong support - 10500 - 10700 ,10900
if the previous low level 10900 broke its support then 10700,10500 possible acts as a bounce area. Buyers can take control.
Buy the dip at this zone. risk management is needed to hold futures.
resistance - 12000 short the rip
On failure to hold 10500-700 level can lead to lot of selling pressure.
Happy Trading only for educational purpose!!!