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ValkyrieBlue

NQ1! Rising Wedge into Head and Shoulders

Short
NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
ValkyrieBlue Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Trend Lines Head and Shoulders Support and Resistance nasdaq futures
3
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trendline headandshoulders supportandresistance nasdaq futures
Big reversal incoming. The failure of the rising wedge has become part of a head and shoulders pattern. The neckline coincides with a major support zone (pink)
Comment:
A second shoulder has formed on the right side, which qualifies this pattern as a complex head and shoulders. As long as the price stays below the top dotted line, the situation remains decisively bearish. The price target is 10800.
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