NQ1 - Rate Cut Dip Buy Part 2
Updated
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...
...
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.
...
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.
...
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
...
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.
...
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.
...
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
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I have great trades and monitor many assets❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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