Short

NQ three month rising wedge pullback rejection

Updated

It's over - the rugpull today was great, any rally from here on forth is to be treated with suspicion and faded.

It's rupture and subsequent rejection will lead us to a lower leg below the March lows.

Note

Here is the 2018 rising wedge break. This was a 4 month pattern from 1JUL 2018 through to 1OCT 2018 before breaking down.

Note

Here is the NQ weekly.

How anyone can stay long at these levels is beyond belief.

Note

That pump EOD, pretty crazy - feels like someone was being liquidated and buying to cover.

Wedge pullback retest again, the drop coming out from this setup is going to be devestating.

Note

Another pullback retest, it's almost over.

Note

Here is an hourly view, watch those hourly upper bbands.

Note

4HR Update

1HR Update

Note

Dragonfly doji at termination of rising wedge... if it doesn't collapse here, there is something very wrong with the markets.

Note

Haven't fiddled with these lines for over a week now. Perfect tap and rejection!

Note

Another run up to the resistance.

Note

NQ Monthly

NQ Weekly

NQ Daily

NQ 4 HOUR

PontusTrader

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.