NQ1! - Potential Bearish Reversal!

2 авг. 2021 г.

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NQ1! is sitting around its ATH and 15k round number so we will be looking for sell setups on lower timeframes.

on H1: NQ1! is forming a symmetrical triangle in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)

Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)

Until the sell is activated, NQ1! would be overall bullish and can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich