NQ tested a minor support around 14500 (1) in the past 2 days and looks to be ready for a breather. However whether the next bounce is just a short term bull trap remains to be seen.
There is an equal chance of NQ heading towards a stronger support at 14000 +/-150 (2). I would be looking to test some longs should NQ reaches this level.
While I do not see NQ going to level (3) which is 12200 +/- 150 in the near future, however should level 2 support around 14000 be breached, then we could be entering a bear that could brings us there. I would likely be a strong bull should NQ reaches here.
Be nimble. Trade the short term bounce but be ready with protective stops.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
There is an equal chance of NQ heading towards a stronger support at 14000 +/-150 (2). I would be looking to test some longs should NQ reaches this level.
While I do not see NQ going to level (3) which is 12200 +/- 150 in the near future, however should level 2 support around 14000 be breached, then we could be entering a bear that could brings us there. I would likely be a strong bull should NQ reaches here.
Be nimble. Trade the short term bounce but be ready with protective stops.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)