NQ three month rising wedge pullback rejection

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

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Here is the NQ weekly.

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

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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.

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Another pullback retest, it's almost over.

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

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4HR Update
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1HR Update
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Dragonfly doji at termination of rising wedge... if it doesn't collapse here, there is something very wrong with the markets.

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

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Another run up to the resistance.

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NQ Monthly
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NQ Weekly
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NQ Daily
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NQ 4 HOUR
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nasdaqNQQQQSupport and ResistanceWedge

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