NASDAQ 100 E-mini Futures

Short

NQ pullback to broken rising wedge

By PontusTrader

So big earnings beat, price is going to be complete the pullback and then major profit taking will ensue.

That big pink line is the former resistance turned support of the multiyear megaphone pattern.

Here is a zoom in of the 4 hr

snapshot

Here is a zoom in of the 12 hr (for clarity)

snapshot

Here is the weekly NQ megaphone.

snapshot

Here is the monthly NQ megaphone - note the bband signal trigger.

snapshot

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