Potential Ascending Triangle (NQ Futures)
NQ Futures could be trying to setup an ascending triangle to catch bears short at the bottom with major upside potential with a breakout and confirm.
Will almost certainly coincide with data/news that will either play out a bear trap or a bull trap on the same timeframe for the next let the market takes.
Often these patterns forming at the bottom of a range end up being bull traps but anything can happen and it's best to be prepared for whatever happens.
Will almost certainly coincide with data/news that will either play out a bear trap or a bull trap on the same timeframe for the next let the market takes.
Often these patterns forming at the bottom of a range end up being bull traps but anything can happen and it's best to be prepared for whatever happens.
Trade closed: target reached:
Closed out all at 18238
- Looks like a bear market rally that has concluded
- Closed trade for about 300 points
- Looks like a bear market rally that has concluded
- Closed trade for about 300 points
- 18053.50
- 18483.75
- 18709.00