NQ Futures week of June 3rd
Currently in megaphone consolidation - attempting a failed breakdown
Over the past two weeks I shared this graphic and potential paths based on the breaks of those zones. We not only got within 100points of the green dotted target but we also just got to the red dotted target this past Friday. There has been easily over 1000 pts of range in these past two weeks making it a scalper’s paradise.
Last week specifically I shared this updated graphic as the megaphone built out:
The photos of the bull and bear is to help give you a visual aid in positioning so that you can see the tug of war between the buyers and sellers.
Here is the most recent graphic to show you the progression of this setup over the past three weeks.
Plan for next week:
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