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Tuesday, December 10, 2024

NQ H&S w/bearish divergence on 4 hr Chart - Sell on retracement

NQ H&S w/bearish divergence on 4 hr Chart - Sell on retracement

4 Hour Chart Bearish Divergence
Head & Shoulder Pattern and Break Below Neckline
Sell Limit at 0.382 fib retracement (21490)
This 21450-21490 area has also served as previous support.
Break below neckline assuming support turned resistance
Stop Loss set above the right shoulder
TP 1 calculated based on risk taken at 1:1
TP2 calculated based measured move of H&S
from neckline set at 1:2 RR
Total 1:1.5 RR Trade



source https://www.tradingview.com/chart/NQ1!/HkV78Y4R-NQ-H-S-w-bearish-divergence-on-4-hr-Chart-Sell-on-retracement/

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