High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
On the daily chart NQ has been trading in a down-sloping channel since its July 2023 swing high. On Wednesday NQ closed just above its key support price level at 15,000.
Going forward, trading above 15,000 is an indication NQ is going back to retest upper channel at 15,500. However, a sustained break below 15,000 is an indication NQ would need to go lower to its lower support level at 14,000 before going into a multi-day bounce.
The information provided here is for education and general informational purposes only and should not be considered an individualized recommendation or personalized investment advice.
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.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
