$NQ #NQ-mini #trading setup
This is the micro path I am watching:
I think Bulls should be able to push higher at least one more time.
Bulls can push higher to tag the target, the lower edge of the Red Box = 16,260.
Potentially the rally may extend to the ideal target = 16,395 (the upped edge of the red box).
I expect that rally to be followed by a large a-b-c move down in a wave iv down to 15,900 – 15,800.
Note that path draws a bearish reversal Head and Shoulders structure. In 80% of cases big rallies get reverse trough that type of distribution pattern.