Classic Inverted Cup and Handle on NQ..........going short
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The price is still under 50 SMA and 50 EMA, so staying short....however symmetrical triangle is forming. As soon as two candles close above 50 MA on '15 minutes', I am out, until then staying short....
do you think it will fall further than the current level of 6750?
cryptologist
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@jorg3music, it'll probably go sideways or down after last night's drop. There is a perfect bear flag forming though on 15 minute chart, so could go even lower.
demira1
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haha perfect symetrical triangle is forming, big earnings are released tomorrow, theyll be initial worry sell off but if they impress the position should be long