#trading setup
Yesterday I concluded that NQ was going to drop into the Green Box even under the bullish scenario:
This morning we got that drop:
Bulls can consider the drop as a subwave c of a corrective a-b-c down structure of subwave -b- down of wave -v- up. That means bulls remain in control as long as they hold NQ over the Critical Support 11,465 and can produce another rally in subwave -c- of wave -v- up.
Break Under 11,465 would kill that bullish potential and confirm NQ has topped