NDX Head Test Complete

US 100 IndexFXCM

Description

⋅ Apr 13, 2021 5:38 PM

Back on March 26th, I posted that NDX had a Head and shoulder pattern

I then posted to subscribers the key area to break, the last line of defense, and the likely see a head test.

Here we are today testing the head. how it performs here will tell us a lot.

Comments

funnyfreakfamily

⋅ Apr 13, 2021 9:46 PM

I just saw your analyze and I must admit that as an idiot gave it a short at 13800! I don’t know what to do : take the loss or wait hoping it will pull back because I’m obviously in deeeeeep red ! Any suggestions would be highly appreciated .

RealMacro

⋅ Apr 13, 2021 10:07 PM

@funnyfreakfamily, haha true only an idiot. :D

AnhAwesum

⋅ Apr 13, 2021 6:46 PM

So, it’s going up more?

RealMacro

⋅ Apr 13, 2021 8:59 PM

@AnhAwesum, We don't know yet. More data is needed. if it is a H&S head test it will fail and likely even break the bottom.
if it is not it will pull back a bit and push higher. Then we know H&S is a no go and we will resolve to the upside with the Channel.

If you follow I will update as soon as there is more clarity. :)

Thx for your question.