TheSignalyst

NQ1! - Potential Bearish Reversal Soon!

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Hello everyone, if you like the idea, do not forget to support with a like and follow.

NQ1! is sitting around Weekly Resistance and round number 14k so we will be looking for sell setups on lower timeframes.

on H4: NQ1! is forming a channel in orange but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)

Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)

Until the sell is activated, NQ1! would be overall bullish and can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comment: Previous Sell Setup

https://www.tradingview.com/chart/NQ1!/v...
Comment: Previous Buy Setup

https://www.tradingview.com/chart/NQ1!/b...
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Loving it 👍🏼
+1 Reply
TheSignalyst T_V_TreeTrader
@T_V_TreeTrader, amazing :D:D
Reply
nice view
+1 Reply
TheSignalyst KlejdiCuni
@KlejdiCuni, thank you so much!
Reply
Looks great! I wish it could go like that I'm like 200 pts down on short yesterday was so unpredictable i thought it would go at least 13640 then a long but couldn't make it thanks for sharing ,👍
+1 Reply
@randall08v good luck dear 😁
Reply
randall08v TheSignalyst
@TheSignalyst, thanks same to you 👌
Reply
Great education.
+1 Reply
@MaggieLuzp thank you Maggie for the support
Reply
Accurate work, thanks Rich ;)
+1 Reply
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