$NQ #nq-mni futures #trading setup #Elliott Wave #trading strategy
This morning NQ is testing a micro demand zone formed by four previous bears’ attacks:
The ideal scenario to trade is a failed breakdown setup when price drops slighly under 15,040 but then bulls step in and turn NQ back up. That drop under support would trigger numerous protective stops left under 15,040 – 15,000 and if then bulls manage to reclaim that broken support that could trigger a strong short covering rally targeting the Red Box.