Pennywick

Nasdaq - an Index of Bigtime Back-Test for Big-Tech: in 3D

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Oftentimes I note in these posts that I am "scouting a back-test" of a certain level. Nasdaq's All Time High run provide a great example of what this looks like in practice. The first pattern to note is the failed H&S, price did not return to the pattern neckline failing to trigger and entry. Then a perfect test of the rising wedge lower bound before consecutive moves to the upside. I use the back-test level to increase the probability and boost the risk to reward ratios.
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