NQ weekly structure, mega sell off coming
I am posting this chart for posterity and for its beauty.
NQ weekly view since 2015, we have a very large megaphone pattern (generally bearish and chaotic). If you see the pink circles in the top right corner, this megaphone was never supposed to break to the upside but they juiced it anyways... you can tell because they needed 3 retests of the breakout to finally confirm it (lots of people were selling that breakout). Green highlights just identify very strong long term supports. I fully anticipate that the entire price discovery outside the megaphone will result in a very big trap for bulls / head fake.
NQ weekly view since 2015, we have a very large megaphone pattern (generally bearish and chaotic). If you see the pink circles in the top right corner, this megaphone was never supposed to break to the upside but they juiced it anyways... you can tell because they needed 3 retests of the breakout to finally confirm it (lots of people were selling that breakout). Green highlights just identify very strong long term supports. I fully anticipate that the entire price discovery outside the megaphone will result in a very big trap for bulls / head fake.
