NQ1!A Head and Shoulders pattern was identified on the 4H timeframe. This pattern was identified in confluence with a bear flag pattern on the 1H timeframe. Price then broke just below the flag. I believe that NQ will see more downside. After I zoomed out further, I noticed that we spiked from a demand zone November 10, 2022. Perhaps NQ will retrace back to where it spiked from on November 10, 2022. A screenshot is provided below for your review.After I zoomed out further, I noticed that we spiked from a demand zone November 10, 2022. Perhaps NQ will retrace back to where it spiked from on November 10, 2022. A screenshot is provided below for a quick reference.
*This is not financial advice.
If you like my trading idea follow or search "MrALtrades00" on the TradingView platform for more ideas.
MrALtrades00
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.
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.