Nasdaq NQ has been trading mostly inside a range between 2320 - 2340, with extended range of 2350 to the upside and 2310 to the downside for the last 7 days.
- Hence, large clusters of stop-loss would have been accumulated above 2350 for the bears and below 2310 for the bulls.
A successful breakout or breakdown out of the range should trigger a large trending move that would not be wise to fade.
- Until the breakout/down occurs price would continue to oscillate between the upper and lower trading range, with 2330 as the mid-range.
