NQ possible C&H & H&S forming on 1h and 4h timeframe regardless

E-mini Nasdaq-100 FuturesCME

Description

⋅ Dec 12, 2022 3:37 AM

There is H&S on 4h timeframe and quite visible C&H on 1h

Tomorrow the price is set to get above or below the range.
Can it it a squeeze into CPI or we finally get below 11400.

Below 11400 will bring 11200 as next target.

NQ is the most bearish looking chart compare to ES and DOW

4h chart coming next in this thread

Comment

⋅ Dec 12, 2022 3:42 AM

I like this setup actually more then C&S. The right shoulder already formed and its a bit bigger then left so perfect text book setup.

These 2 setups have equal odds imo.

I will play this with 11200P and 12000C exp on the 16th

Comment

⋅ Dec 12, 2022 4:23 AM

Flagging fits better then a downtrend channel note it the chart above