NQ1!, A Fake or the Right Shoulder Path

A sign of cracking the structure. A multi day consolidation area breach. Is this the beginning of a potential H&S right shoulder formation or a fake out that may lead to a return to the mid and top of the consolidation area? 2 mega tech companies are reporting after hours, the NFP is tomorrow. These events may help to answer that question. Wait and see for investors. Traders will have setups during the day session for sure.

08/03/2023