Thursday, October 8, 2020

NQ Guideline For Friday

A sideways choppy trading action for NQ on Thursday as it continues to trade just below key resistance price level at around 11,600 area.

118. Using Rectangle Chart Patterns to Trade Breakouts | Forex Academy

11,600 price zone will continue to be key level to watch going forward as so many stop-losses and buy triggers resides just above 11,600.

Thus a clear and sustained break above 11,600 could cause massive short-squeeze, rocketing NQ up to 12,100-12,100 in one to 2 days..