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PontusTrader
Dec 6, 2018 1:44 PM

NQ strong support coinciding with G20 bull flag Long

US Nas 100OANDA

Description

NQ 30 min - blue line is strong support, we have a big bull flag off G20 highs, we need to breakout of the flag and not break blue line support. So long as we stay above blue support line, I think odds are more in favour of a retracement.

Tight stop on blue line of course.

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Chart update. That flag breakout attempt was met with bearish strength.

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Bull flag hourly about to break out

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Bull flag breakout underway on the hourly, hourly candle closing in 4 min looking good here!.

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Update, upside target highlighted in red circle.

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NQ Upside target - top chart is 1 hr, price is about to breach upper bollinger band hourly, it will probably stall and not be faded. 4 hr chart bottom shows bullish engulfing underway, this is very bullish

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Upside target update - getting there!

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Upside target reached and popped over. Price is now outside hourly bollinger bands.

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Comments
Slowdive_
Thanks man! Nice jump over the support!
PontusTrader
@Slowdive_, No problem, we can all be making cash here! Make sure to hedge if you're still long, another leg up is in the works, bears still need a bit of squeezing!
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