NQ Potential 22Reversal Up
Price printed a nice bullish candle on the weekly indicating a reversal is in play this week, but how far does this reversal go?
Price is currently over the 6month .50% level and closed above it.
How to play?
- Price is headed to test the price story .50 at $12382.75 a rejection and then price will shoot for $12436.50 a build over this will get you $12525.25 However don't push it here, secure you shorter dated positions and let price prove to go higher.
- Price Rejects off those retest levels, it will head back to the 6month .50 $12112.75
- It make since for price to hit the upside targets first however i would not be surprise if price wants to come down to the BF $12260.00(rough estimate) and $12170.50( last week daily .50)
- The major thing to focus on is what direction price would like to go first and you play the targets on actionable signals.
