Possible Three-Drives Down Pattern Forming on NQ1!
Lines drawn to candlesticks, before I switched to line chart so it was easier to read.
The previous 2nd drive was near 127% of the previous. So this could be a 3 drives down setup to break out of the falling wedge. This current scallop move should top out in the 11.2-11.4k range. Then it will fall to about 10k for the bottom.
The previous 2nd drive was near 127% of the previous. So this could be a 3 drives down setup to break out of the falling wedge. This current scallop move should top out in the 11.2-11.4k range. Then it will fall to about 10k for the bottom.