We need to watch how this whole pre-announced "crash" goes on, but technically - contrary to ES - NQ has not tested the covid breakout... and it may just as well "need to"...
The pattern is not meant as a "justification" for price... it's used as a way to illustrate a possibility within a known framework of, ratios, extensions and deviations...
Shorting is not out of question, but the idea is meant primarily a long term long entry!