NQ Potential Bullish RJ
Price triggered the monthly but we have not closed above it yet.
Price is currently inside on the 2week and held the retrace level for the 2w timeframe
How to play?
- To keep it simply this week your plan is to watch for the retest of weekly .50 $13090.25 and .618 $13051.25 if price fails to hold those levels then down to the downside targets.
- If I am looking at price correctly, we maybe forming a local top NQ (insert Poki Eye Emoji)
- Price struggled with the weekly BF last week and did not get over it. This week we will watch the same BF level along with the levels below.
- Price Targets for the week.
- Weekly .50 $13090.25
- Bounce from this level targets Weekly Trigger and Monthly Trigger
- Weekly .618 $13151.00
- Failure of this level, targets $12991.50 & $12907.25
Pay attention to this 4hr chart and look at the BF’s price needs to break through to expand higher, that is why I am convinced we may be forming a top here. Only a solid build over the monthly trigger will change my mind. Price has 2weeks left and a RJ is a TTO pattern, so lets wait and see.
