$NQ #NQ #trading setup #Elliott Wave #trading strategy
We got an -w-x-y- up bounce into the resistance of the Red Box. That move up looks like the Right Shoulder of the Bearish Head and Shoulders reversal pattern.
That setup allows bears to start a new large leg down in a wave (c).
Let’s zoom in:
Bears need to break under support 15,361 to confirm some top has been made.