NQ Analysis in 1 hour Time Frame
Updated
Oct 20th Update :
Since the up fibo is still valid as the A of its not break so the up target 11549 is still valid. However to find out that how further
NQ goes down i made another fibo based on the change of trend to sell by breaking of the
Red counter trendline. Where it shows that market retraced 786 so the expansion on
downward target will 0.27 which is now hit already.
At this point if the market pull back to bullish it should be from the bullish candle formation at blue trendline.
or if the Blue Trendline breaks then the 1st Target downward would be 10910 and 2nd Target 10874
Since the up fibo is still valid as the A of its not break so the up target 11549 is still valid. However to find out that how further
NQ goes down i made another fibo based on the change of trend to sell by breaking of the
Red counter trendline. Where it shows that market retraced 786 so the expansion on
downward target will 0.27 which is now hit already.
At this point if the market pull back to bullish it should be from the bullish candle formation at blue trendline.
or if the Blue Trendline breaks then the 1st Target downward would be 10910 and 2nd Target 10874
Trade closed: target reached
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