NNQ was a bit whacky but I managed to draw it out. Recent pullback got close to 38.2% before a higher high. Watch reaction at 14.9k - 15k area.
Bearish < 6628.75 March 2020 OPEX low. If 14850 rejects, then could consolidate before a retest up or break below 12895. Below 11700 confirmation of Green 5 wave is finished. I believe 10500 - 10k high probable bottom if goes under. Overall I think /NQ is bullish because if you draw a trendline starting from red ii across the lower high points last week broke over. This could well be a wave 1 in the making then a pullback for wave 2 before a massive rally to ATH.
Bearish < 6628.75 March 2020 OPEX low. If 14850 rejects, then could consolidate before a retest up or break below 12895. Below 11700 confirmation of Green 5 wave is finished. I believe 10500 - 10k high probable bottom if goes under. Overall I think /NQ is bullish because if you draw a trendline starting from red ii across the lower high points last week broke over. This could well be a wave 1 in the making then a pullback for wave 2 before a massive rally to ATH.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.