Get started
Kendrick_Chan

NASDAQ futures - a giant cup and handle could have been formed

Long
NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
Kendrick_Chan Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Cup And Handle Triangle Fibonacci price-action
8
1
cupandhandle triangle fibonacci price-action
  • Fib retracement over 0.618 suggests it could be a new trend
  • V-shape rebound not too ideal, but could be considered as a giant cup
  • the handle is an upper triangle, an ideal pattern
  • target for all-time high if breakout successfully
  • risk-reward ratio is over 3
Trade active:
The price broke out after FOMC.
Everything looks good.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.