NQ1! Rising Wedge into Head and Shoulders
Big reversal incoming. The failure of the rising wedge has become part of a head and shoulders pattern. The neckline coincides with a major support zone (pink)
Note
A second shoulder has formed on the right side, which qualifies this pattern as a complex head and shoulders. As long as the price stays below the top dotted line, the situation remains decisively bearish. The price target is 10800.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.