NQ1! - Potential Bearish Reversal Soon!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
NQ1! is sitting around Weekly Resistance and round number 14k so we will be looking for sell setups on lower timeframes.
on H4: NQ1! is forming a channel in orange but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, NQ1! would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NQ1! is sitting around Weekly Resistance and round number 14k so we will be looking for sell setups on lower timeframes.
on H4: NQ1! is forming a channel in orange but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, NQ1! would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Commentaire:
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.tradingview.com/...iled-Video-Analysis/