NQ bullish scenario on the 4h.
After breaking the previous 3 top resistance levels NQ could keep running up; before taking longs it will be a good idea to ask certain questions like
- Is this a healthy uptrend with Higher highs and lower lows?
As of now, it seems undecided since it just broke the resistance; it will be preferable to wait for a healthy pullback to the previous resistance, which in theory should become support.
- What's driving this uptrend?
What kind of sentiment is in the market (Catalyst, Correlated instruments, ).
Will Publish a Bearish idea soon....
After breaking the previous 3 top resistance levels NQ could keep running up; before taking longs it will be a good idea to ask certain questions like
- Is this a healthy uptrend with Higher highs and lower lows?
As of now, it seems undecided since it just broke the resistance; it will be preferable to wait for a healthy pullback to the previous resistance, which in theory should become support.
- What's driving this uptrend?
What kind of sentiment is in the market (Catalyst, Correlated instruments, ).
Will Publish a Bearish idea soon....