NQ1 - Rate Cut Dip Buy Part 2

21 jam lalu

I clicked "trading closed" or whatever on the previous thread so its easier to start another one, but look back for previous detail if you like...

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NQ1

Quite a wild little period here as you're busy preparing for Christmas 😅.

But this is now a juncture where the wild downside may be coming to an end.

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Nice little bounce so here and its a weak 1:0.618 extension.

So this tells us that there could be a significant bounce coming.

Didn't quite hit support but front running is common with bullish indexes.

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Remember that although this is a long term 1.618 reaction that has historically led to major collapses, this area may also be post rate cut volatility.

And so there is the possibility that the first wave of whipsaw is completing.

If that is the case then we may see some strong bullish action.

I think there is a reasonable chance that we may see a V shaped recovery.

Though there can be minor pull backs along the way

Up and up from here 👍.



Not advice

21 jam lalu

Dagangan aktif

If you want more content like this then a BOOST shows me that you're interested and gets my ideas up the TradingView listings where more site users will see it 👍