NQ1!, They Always Come at Night

A strong rally on Tuesday to undo the H&S pattern from further unfolding. Back to the right shoulder top. Fascinating isn't? One can notice how the overnight session is used to move the market in the direction that causes the most pain. If you attempt to predict the market next move think from an angle what direction would be the most painful, where the majority is positioned.

I anticipate a continued consolidation within the right shoulder.

Good luck!

11/8/2021

Comment:

Price is drifting down off the right shoulder top. Bottom of the right shoulder is reasonable target. In case of a bullish aggressiveness the price may stop at the trend line and bounce back to the right shoulder top.

11/10/2021