NQ - Rising Wedge - Drop it like it's Hot

Here is another look at the rising wedge but this time on /NQ. It is nearing the apex so I would like to some a break out in either direction soon, and I think we will. This is a pattern has bearish implications. It goes without saying, but anything is possible. Still, I am not discounting the bearish pattern.

Kommentera:

Price broke out of the pattern and then pulled back in overnight. The bulls desperately trying to keep this run alive. They may be able to yet. We will see.