Hedges come off on our NQ short...

After yesterday's strong move off the highs (that we called a double top), we recommended taking on hedges for a possible bounce. NQ delivered it's overnight bounce to the 11418 level that is the 61.8% retrace of the move down. Now removing hedges and/or adding short positions. Eyes on the 76.4% fib level, above that something else is in play and the trade should stop out.
Chart PatternsTechnical IndicatorsnasdaqNQWave Analysis

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