NQ Potential 3-2 Bullish Reversal
Price printed a failed 2down last week and ended in an outside bar, as we all know any fail 2up or 2downs runs or drops the hardest.
Price is currently Over the 6month .50% level and closed above the .618.
How to play?
- Price is currently over the price story .50 as well as last months .50, so it is safe to say price may push for an outside month.
- To keep it simply this week your plan is to watch for the retest of both the price story .50 $12382.75 and Last month .50 $12436.50 if price fails to hold those levels then back down it will go. However if the retest of those levels hold, then the top of the Price Story box will hit as well as out side month trigger.
- Price Targets for the week.
- Price story .50 $12382.75
- Last month .50 $12436.50
- A bounce off these levels will target upside $12945.25, $12949.75(outside month trigger) & $12987.00 Top of box
Please prepare yourself for a bounce and unless it is evident price fails the .50 with a solid daily candle body close underneath it, price is bullish.
