[NQ/NDX] | Price is Still Following The September '20 Fractal
Here is an updated, side-by-side comparison of the September-October 2020 price action versus the current February-March 2021 price action.
There is a striking similarity between the two charts. I have labeled and color-coded the majority of them on both of charts.
If we expect the pattern to continue then we should watch for a breakout of the bullish wedge as the initial confirmation.
A secondary break above 13350 will form and confirm a large inverse head and shoulders breakout which should lead price to the primary target at 13500.
Take a look at the initial idea I shared below 👇🏽
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
There is a striking similarity between the two charts. I have labeled and color-coded the majority of them on both of charts.
If we expect the pattern to continue then we should watch for a breakout of the bullish wedge as the initial confirmation.
A secondary break above 13350 will form and confirm a large inverse head and shoulders breakout which should lead price to the primary target at 13500.
Take a look at the initial idea I shared below 👇🏽
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
