DaddySawbucks

Impulsive Upthrust in Tech

Long
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Breakout above falling wedge TL will confirm trend reversal. Measured move correction is completed on Ukraine invasion.

Expect 0.50 - .62 Fibo pullback, briefly then rocket higher. Retest of breakout will exclude fakeout like we had on last lift (overlay).

Moving up from oversold on RSI, wave trends indicating buy signal.
Comment:
Preceding 29 n 87 crashes there were pumps like this before massive dumps 55 days after ATH, this would come on 28 Feb from 4 Jan:
cdn.discordapp.com/a.../20220225_064610.jpg
Comment:
A massive dump is certainly possible, risk is high for any position with price trading at former support 4300
Comment:
On daily this crazy pump appears like could be a 4th wave with a final flush yet to come, be wary!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.