NQ1! - Potential Bearish Reversal Soon!
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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
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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