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WadeYendall

NQ/QQQ Sporting similar price pattern to previous pull backs

NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
WadeYendall Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Trend Analysis Fibonacci Chart Patterns
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trendanalysis fibonacci chartpattern
Looking back to the Mar 21' and May 21' pull backs. We had similar price patterns that resolved to the up side. If the #3 pivot can hold above the #2 pivot we may see the explosive move. If the #2 pivot is broken to the down side a deeper pull back would be expected.
Comment:
Coming into the key 15000 level. The bullish scenario now looks possible. Watch for rejection at the 15000 level and then the downward trend line in this chart.
snapshot

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