NQ! rising wedge pattern since 2018 June

NQ! show strong move after Break out the 7358.5

Each time retest 7360 area (strong support) is a good entry point.

Wait NQ! touch the rising wedge upper band. It is time for short trade.

Note

Based on Fib extension: 7710 is the target for this run.

Note

The key entry day:
2018-06-28 : 0.786 Pull back
2018-07-30 : 0.618 pull back
2018-08-17 : 0.618 pull back

All key support will retest in the following days and also need match with the structure.

Note

Top:
2018-08-09: Double top and resist by the previous top
2018-07-25: 1.272 extension from previous uptrend move
2018-06-21: close to 1.618 extension from previous uptrend move

Note

2018-06-07: close to 1.414 extension from previous uptrend move

Note

Top:
2018-05-14:close to 1.272 extension from previous uptrend move
2018-04-19: Pull back from previous double top. classic 2618

Note

Buy dip:
2018-05-18:previous high and neckline for double bottom pattern.

2018-04-25:0.618 pull back from high

2018-04-04:double bottom

Note

I review the key stock pattern as well.
Entry point:
2018-08-17:Neckline support and previous high.
2018-07-30:Double Top neckline support,previous high support and 0.618 from high.
2018-06-28:0.618 pull back from high and previous high support.

Note

AMZN Top:
2018-06-20: Reach April high 1.414 extension
2018-07-27: Reach almost May high 1.618 extension
2018-08-13: Passed July 1.13 extension

Note

Just one day B/O green trend line and next target is black trend line

davincitom

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.

davincitom