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torquio

NQ: The mysterious 1.32 factor and the 2020 crash

Short
NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
torquio Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Trend Analysis Harmonic Patterns Chart Patterns NASDAQ 100 E-MINI FUTURES nq100 NASDAQ 100 CFD nq_f
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9
trendanalysis harmonicpatterns chartpattern nq1! nq100 ndx nq_f
The market behaviour of NQ is creating an equivalency to the 2020 decline divided by a factor of 1.32. If this is indeed the case then we should have topped today and are heading to 11k.
Comment:
It is playing out as expected. I think first target should be 12200
Comment:
12,200 target hit
Trade closed: target reached:
an 8% returnn in 3 days.
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