NQ will bottom out at descending broadening wedge support Long

OANDA:NAS100USD1D

US Nas 100OANDA

Description

⋅ Dec 20, 2018 2:56 PM

Highlighted on the chart, I wouldn't trust a long until we see some capitulation onto the wedge support.

Comment

⋅ Dec 20, 2018 6:25 PM

Chart update.

Trade closed: target reached

⋅ Jan 3, 2019 12:45 AM

Crazy move, it overshot but I would consider this a successful pattern.

Wedge NQ QQQ nasdaq100

Comments

jonathan.cong.nguyen

⋅ Dec 20, 2018 3:08 PM

LOOKS LIKE IT'S ALREADY BOTTOMED ?

PontusTrader

⋅ Dec 20, 2018 3:08 PM

@JonaThan.cong.nguyen, Maybe, bottoming out takes time.

jonathan.cong.nguyen

⋅ Dec 28, 2018 1:18 PM

@TheShortLife, what's your update on this?

PontusTrader

⋅ Jan 30, 2019 4:56 AM

@JonaThan.cong.nguyen, Take a look at this tradingview.com/x/zux9NDLf/. The impetus here is on the bulls to perform a breakout - a breakout here would be major. Base forming (energy coiling) before a spring up. A move above the upper descending line of the wedge would be bullish in my eyes.

raghu_sh

⋅ Dec 22, 2018 2:01 AM

@JonaThan.cong.nguyen, Yes I too think the same.