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MarlosClock
Dec 29, 2022 4:29 PM

Possible Three-Drives Down Pattern Forming on NQ1! 

E-mini Nasdaq-100 FuturesCME

Description

Lines drawn to candlesticks, before I switched to line chart so it was easier to read.

The previous 2nd drive was near 127% of the previous. So this could be a 3 drives down setup to break out of the falling wedge. This current scallop move should top out in the 11.2-11.4k range. Then it will fall to about 10k for the bottom.
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