NQ may reach 18K if breaking flag strongly
NQ1!NQ may reach 18K if breaking flag strongly
1. NQ was running in a long uptrend channel from 31 Aug '20, which both bulls and bears respect to.
2. After four consecutive strong bull bars from 11 Oct '21, price is now trying to break the channel upper line. All bulls will be encouraged if price breaks the flag with a strong bull bar like 01 Nov 21'.
3. Meanwhile, bears expect price to rebounce back to the channel lower line the same as before.
4. If breaking out successfully, price may be close to 18K according to a measured movement from level 12294.50; Otherwise, price will test level 15700 or even 15110 before uptrend continue.
5. Volume is around 20ma, so there's no sign of buy climax.
6. It's a 50 to 50 odds for both bulls and bears. Everyone will pay attention on the price action in the next few weeks.
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