NQ, Now in a channel
NQ One hour time frame has entered into a down
channel. The market hit the bottom of the
channel and hit a down Fibonacci Extension.
If support holds. The market is Expected to
U-turn bullish and push towards the top of the
channel.
Entry: Counter trend line break bullish above
the bottom of the channel.
STOP: 13599.75
LIMIT: 13930.00
***Waiting for the entry is key if the goal
is to lower drawdown***
channel. The market hit the bottom of the
channel and hit a down Fibonacci Extension.
If support holds. The market is Expected to
U-turn bullish and push towards the top of the
channel.
Entry: Counter trend line break bullish above
the bottom of the channel.
STOP: 13599.75
LIMIT: 13930.00
***Waiting for the entry is key if the goal
is to lower drawdown***
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