A new instrument that I decided to analyze because it has been in the circle of my interest for some time. You can see similar movements as in the DAX30 but in the NQ however they are more trending most of the time. Currently, from the H1 interval, we can see a wedge with a strong upward slope. Yesterday, the price twice reached the strong support level from the last highs and there was a rebound so today there is also a chance for further growth. After breaking the support and exiting the wedge, it will be possible to consider short positions, and for now the trend is still up.
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2021-03-17