/Nq bullish price action on the bear market rally .Short the RIP
Updated
reversal pattern formation on the bottom of the channel.
if it holds 12000 on daily then breakout of wedge pattern ,
the first target at 12700-12950.
lot of resistance at 12700 -1300 zone
if it holds 12900 then possibly rally up to 13200 area and
consolidation zone which tries to reach the top of the channel.
12750 ,13400 are the major resistance area
support - 11750 to 11900
wait for cautious buy opportunities at support and short the rip at resistance.
break below 11750 opens the door to previous low , lower lows
Short the Rip at resistance. Sell high.
if it holds 12000 on daily then breakout of wedge pattern ,
the first target at 12700-12950.
lot of resistance at 12700 -1300 zone
if it holds 12900 then possibly rally up to 13200 area and
consolidation zone which tries to reach the top of the channel.
12750 ,13400 are the major resistance area
support - 11750 to 11900
wait for cautious buy opportunities at support and short the rip at resistance.
break below 11750 opens the door to previous low , lower lows
Short the Rip at resistance. Sell high.
Trade closed: target reached
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