$NQ #NQ-mini #trading setup #trading futures
Yesterday we got a textbook bearish 2-close outside reversal pattern, a morning rally makes a new higher hogh followed by a reversal and decline that pushes price into close of the day nder the daily closes of two preceding days:
Bears have a setup for decline in a subwave (c) down targeting the Green Box.
On a daily chart the key support is 18,621.50. Break under that level would trigger a short on a daily timeframe.
A micro support for the overnight move up in NQ is 18,734. For day traders break under that level can be considered a short setup (stop 18,752).