Heres a quick look a the levels I'm using as I have be tied up with family stuff.
NQ broke the below the Aug 18th pivot which is bearish. So far it has found support at the 1.13 Fib extension and is currently trading in the false breakdown zone. Price needs to get back above the Aug 18th low (14804) to get some upward momentume. If price breaks below the 1.13 Fib X look of a deeper drop to the 1.27 Fib X and the Aug 16th high from 2022.
NQ broke the below the Aug 18th pivot which is bearish. So far it has found support at the 1.13 Fib extension and is currently trading in the false breakdown zone. Price needs to get back above the Aug 18th low (14804) to get some upward momentume. If price breaks below the 1.13 Fib X look of a deeper drop to the 1.27 Fib X and the Aug 16th high from 2022.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.