NQ Potential Bearish RJ
Price printed a nice bearish candle on the weekly indicating yet another reversal is in play this week.
Price is currently under the 6month .50% level and closed below it.
How to play?
- To keep it real simple this week, your up target is the retest of the 6month .50 at $12112.75 & Weekly .50 $12206.00
- Price Rejects off retest levels, it will trigger the weekly RJ $11832.50
- Or price can Trigger that Weekly RJ without retest, be prepared for both scenarios.
- Downside Targets
- Weekly Trigger $11832.50
- Bottom of Price Story Box $11778.50
- Weekly Imbalance $11759.50
- Price is currently under the Price Story box .50 and heading to bottom of box, breaking the box price will enter a new story and hit that Quarterly .618 at $11630.75(lines up perfectly with my weekly BF)
