High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
Following a large trend-down day on Wednesday NQ traded sideways in a consolidation pattern on Thursday.
With NQ in oversold zone on the daily chart on Thursday it is possible we could see a trend up short-covering day on Friday, However, with so much selling pressure in the market we could see a possible sideways market or a down-trending market.
Key inflection price zone for NQ on Friday will be at 11,825, with key resistance at 12,125, then 12,500. NQ is berish below 11,825.
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The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
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Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
