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Ignat40
May 7, 2021 11:30 AM

The reversal of NASDAQ ? Long

CME_MINI:NQ1!1D
E-mini Nasdaq-100 FuturesCME

Description

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It almost touched the SMA50, which indicates us that it has the role as a support. A lot of wicks in this area. Personally, I see it hit a bit lower than the previous resistance(the double top). The path tool illustrates the way it will react.
Trend AnalysisChart PatternsTechnical Indicatorsnasdaqsma50reversalDouble Toppath
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