/NQ backtesting the 60-min wedge from below while the divergences continue to build. While this backtest does offer an objective short entry, the higher-probability sell signal (or add-on) remains on a break below Thursday’s lows on /ES & /NQ.
NQ 60-min Feb 25th
/ES still wedging higher as /NQ backtests its 60-min wedge from below. Still watching for a break below Thursday’s lows.
ES 60-min Feb 25th
/CL first target hit on an impulsive drop following the sell signal triggered on a breakdown & backtest below the 60-min uptrend line. Likely to get a reaction here followed by another trust down to the next target around 54.75.
CL 60-min Feb 25th
/NG continues to advance following the falling wedge breakout & double bottom, gapping above the recent basing pattern (bullish).
NG 60-min Feb 25th