nkolelukundo

RETRACEMENT OF A DOUBLE TOP NECKLINE

Long
NQ100 is most likely to shift in a short retracement phase that's headed to the neckline of the double top that was constructed last week. Right now there is a heavy flow of sell orders that were compressed in a selling channel before NQ100 rose high and those orders were most switched to buy orders and that's why the was a sharp rejection during London session on 1399.2. But heavily look out for 1810.9 as your SL as you progress along this buy trade. 14702 is our target to the neckline where NQ100 could head too.

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