Major falling wedge retest for Nasdaq100 before major rally

19 thg 11, 2018

Although market appears currently bearish, it can turn into a bullish one once we retest the major falling wedge from September (that we have already broken out of). A retest here is the best support for a sustained rally for bulls. In fact, bulls should want price to crater lower so we can retest the major wedge breakout. Then we have a higher probability of sustaining a long rally into Q1 - Q2 of next year.

19 thg 11, 2018

Bình luận

Another way to look at NQ, this is a 12 hour chart with both 2 std dev & 3 std dev for bollinger bands channels. Look what happened last time 12 hr price tapped 3 std. dev during this sell off... prepare for a major reversal.