Nicklaus68

NQ nearing local top ~11.6k?

Nicklaus68 Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
It's looking like 5 of 5 waves is nearing completion. Retrace to 11.2k or 11.3k and finding support would be mega bullish. However 11.3k bounce could set up a rising wedge for a bigger bear move Fri/Mon, around 11.7-11.8k. 11.2k retrace and support would establish a more healthy and sustainable channel. If it breaks the channel either way, the idea is invalid.

Also possible Complex Inverse Head & Shoulders setup if it all plays out bullish. thepatternsite.com/chsb.html
Comment:
Comment:
lookin more like 11450 ish test next
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.