NQ has been working through this channel on the 30 min. We appear to be at the top of the channel, headed back down into the supply zone/bottom of channel.
The pattern I see is that price has spiked off of bottom trend line twice. Following the same pattern, we can predict the price may jump again. There is a nice line of support/resistance around 136.6 that has confluence with the upper trend line .
Price action appears to bounce off upper trend line. The RSI is in overbought territory. I predict the price action will fall to the bottom trend line as RSI cools off.
