NQ Large Inverse Head & Shoulder pattern

Lets see if these work on a slight down market. I'm guessing it will play out to the upside.

 

If it fulfills its worth close to 1000 points. Maybe a cease fire from Russia will trigger it.

 

Markets seem to be recovering from sell offs. Let step in, see what happens.

 

Funny how they jack up margins right before the markets take off. After they recover a lot of the lost ground they open it back up to the little guys.

 

I don't know.. maybe you have an opinion..
What is the time horizon to become profit in this price levels?
It can be half from today in a week from now with bad news from Europe. What are the odds for more bad news from Europe?

 

Certainly possible----just remember to also look at the cash chart in your analysis.

 

We have to wait for the market to tell us, setup is in place, all to do is monitor it. Pattern conformations in this index tend to occur in the overnight US session.

 

Some financial news outlet may run a story, how Russia is considering a cease fire and settlement, if it ends up being true will make no difference.