NQ....Inverse Head & Shoulder Pattern

Discussion in 'Index Futures' started by Rickshaw Man, Jun 23, 2021.

  1. Ready to go, let's see what happens.


    NQ.jpg
     
  2. With ES barely moving in RTH today - NQ have meanwhile offered some really nice moves. It sure seems like a better market for some faster scalps.

    Both ES/NQ appear to be consolidating after a strong week so far and fresh ATHs on NQ both yesterday and today.
     
    CannonTrading_Ilan likes this.
  3. SunTrader

    SunTrader

    Thru first resistance, two more to go:-
    NQ resistance.gif
    Might not happen before RTH close.
     
  4. SunTrader

    SunTrader

    Second one is always a bitch.
     
  5. maxinger

    maxinger

    [​IMG] There is no inverse head, no left shoulder, no right shoulder.
    the market is ranging.

    Then where is the market going?
    it can go
    up
    down
    sideway
    or whatever combination.

    Only a powerful crystal ball will reveal the answer.
     
    Last edited: Jun 23, 2021
    Pricechange likes this.
  6. notagain

    notagain

    NQ 14575
     
  7. speedo

    speedo

    H&S and the inverse are trend reversal patterns. Your chart is showing a trading range.
     
    Relentless likes this.
  8. easymon1

    easymon1

    delete nqrm.png Hang in or did you check out?
     
  9. maxinger

    maxinger

    1.jpg
    hmmm. your chart is very complex.
    mine is very simple.
     
  10. easymon1

    easymon1

    LOL,
    Point taken. That's an example.

    The chart is simple.
    The markup takes some time to decypher.
    But not much after you know what youre looking at.

    Same as your charts, they look obvious to You.
    To me they look like any chart anywhere anytime.
    My loss.

    Using your chart and nothing else, could a noob learn how to trade a HnS or cousin of HnS Bottom a Double Bottom?

    Here's a method published online, ymmv.
    https://elitetrader.com/et/threads/...-text-is-cheap-lol.348337/page-2#post-5171105

    Point being this setup has simple price action levels in play.
    A Specific Measurable Setup that a noob Might want to consider for running Accurate Stats on. Trader can learn a lot about price action if that's their goal, by picking a simple pa setup and the resultant moves at least have some context.

    I have and will continue to read your posts especially the ones with charts, someday you will mark a few up, and i dont want to miss that event, but i don't recall any specific info.
    Your method is mysterious and the advice you give noobs is what?
    Where do they start?
     
    Last edited: Jun 24, 2021
    #10     Jun 24, 2021