High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
A gap-up open for NQ on Thursday. After breaking above prior high, instead of rocketing up, NQ reversed sharply down. It was a reversal day for NQ on Thursday.
The price action is not bullish, and likely topping here. If the reversal continues on Friday we could see NQ trading down to its next supports, 18,485 and then 18,380
Key inflection price level for NQ on Friday is at 18,620, bullish above it, bearish below it.
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