NQ Potential 22Reversal Down
Price triggered the monthly but we have not closed above it yet.
Price is currently stuck inside a mother bar, so until price breaks either side it will range.
How to play?
- To keep it simply this week your plan is to watch for the retest of weekly .50 $13140.75 and .618 $1378.00 if price rejects those levels then down to the weekly trigger it goes
- If I am looking at price correctly, we maybe forming a local top NQ (insert Poki Eye Emoji)-Still believe this.
- Price struggled with the weekly BF again last week. This week we will watch the same BF level if price push above the weekly .618.
- Price Targets for the week.
- Weekly .50 $13140.75
- Rejection from this level targets Weekly Trigger
- $12907.25
- Weekly .618 $1317800
- Break above this level target weekly BF $13223.50 however I will not change my local top potential until we break over this weekly BF and hold above it.
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 1week left so we shall see.
