NQ - 4Hr / Intermediate Draw
We can See Price is beginning to extend Short Term.
Higher Targets and a Structural Trend Line exist overhead.
By Extension the 55 EMA would be an Objective, thereafter
we shall see the reaction - ST Rejection or continuation.
Overbought conditions will provide the answer as we approach
these high Price Objectives.
Price remains well above all 4 Hour EMAs and will find a Counter-Trend
on Time.
Friday completed a 21/21 on the 4 hour.
Will it continue in a 3/3 - 5/5 or Reverse on an RT to Supports below will
be determined Monday.
Mondays have been the Lows with 2nd Test, while last week's range and
Structure was an inversion of the prior week.
Higher Targets and a Structural Trend Line exist overhead.
By Extension the 55 EMA would be an Objective, thereafter
we shall see the reaction - ST Rejection or continuation.
Overbought conditions will provide the answer as we approach
these high Price Objectives.
Price remains well above all 4 Hour EMAs and will find a Counter-Trend
on Time.
Friday completed a 21/21 on the 4 hour.
Will it continue in a 3/3 - 5/5 or Reverse on an RT to Supports below will
be determined Monday.
Mondays have been the Lows with 2nd Test, while last week's range and
Structure was an inversion of the prior week.
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