NQ false breakout or bottom?
Updated
We have had a downward trend recently. I got caught in long positions several times looking for a hole. The bullish downward wedge formation seems too optimistic to me, too bookish.
In the daily chart, we see the RSI boom. My scenario is still down, I think Wall Street is too hasty in approaching it, possibly wanting to sell higher. High inflation, high oil and gas prices, war in Ukraine, Covid, it does not bode well for now.
I leave the market for a while. Waiting for better prices to come in and chill out. Regards @growerik, hungry_hippo, HEIKOTradingSystem, MAZing and most of all VIP_Trading_Technologies
Glory to Ukraine.
Stay safe
Bless you
In the daily chart, we see the RSI boom. My scenario is still down, I think Wall Street is too hasty in approaching it, possibly wanting to sell higher. High inflation, high oil and gas prices, war in Ukraine, Covid, it does not bode well for now.
I leave the market for a while. Waiting for better prices to come in and chill out. Regards @growerik, hungry_hippo, HEIKOTradingSystem, MAZing and most of all VIP_Trading_Technologies
Glory to Ukraine.
Stay safe
Bless you
Note
Note
nestorador, Note
FED week prepare for whipsaw.
take care
Note
On 4h we are oversold, with divergence o MFI
Note
Nothing really changed we are hanging around 13k.
Take care
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