NQ - Nasdaq struggles. The weekly reveals it
Updated
See the support NQ had?
Super nice how the the Medianlines and the A/R set reveals it. But now there is some trouble in the Kitchen.
After reaching the white Center-Line, price is struggling to punch through the orange U-MLH.
If price can't fight ti's way through this resistance, it will turn south - probably very sharp.
To me, this is a cheap Short.
If I'm wrong, so be it, it's just one of 1000s of trades. But, it's a offer I can't reject §8-)
Super nice how the the Medianlines and the A/R set reveals it. But now there is some trouble in the Kitchen.
After reaching the white Center-Line, price is struggling to punch through the orange U-MLH.
If price can't fight ti's way through this resistance, it will turn south - probably very sharp.
To me, this is a cheap Short.
If I'm wrong, so be it, it's just one of 1000s of trades. But, it's a offer I can't reject §8-)
Trade active
The Daily Chart shows a What-If Fork.
I NEVER KNOW what's going to happen, but I can PROJECT what's the most likely scenario at this point in time. Here we see the rejection at the U-MLH, which is a bearish sign. Prior there was also a "Hagopian", which indicates a price turn in the opposite direction, to the south.
A breach of the Trend Barrier (Yellow) would indicate a valid short signal to me.
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