NQ1!, Retest of the Breakout
A pullback to retest the breakout of the multi-day consolidation is coming. This is an important area to watch. A potential outcome is to resume the upside move or retest the bottom of the consolidation and start to form the right shoulder of H&S. I anticipate to see a reaction first. A strong move down side would suggest the H&S scenario. The sentiment remains bullish, a pullback is expected to be bought.
There is no change in the narrative to say otherwise. One can't trade leaving in the fear of a black swan event.
07/23/2023
There is no change in the narrative to say otherwise. One can't trade leaving in the fear of a black swan event.
07/23/2023
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