High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
Another sideways consolidation pattern for NQ on with sharp mporning drop down to retest strong support at 20,500
NQ is going to continue to trade sideways between 20,500 support and 21,000 resistance. NQ would need to break ouit of the zone between 20,500 support and 21,000 resistance to cause a trending move.
On the 60-minute chart, NQ seems to be stuck inside the 20,500-21,000 trading range. As such it is likely to continue to trade sideways.
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