NQ_F Weekly Chart - A shooting star in this timeframe is something to watch
$E-mini Nasdaq 100 - main 2409(NQmain)$ A shooting star in this timeframe is something to watch, this is an index, not a stock; so the relevance is higher and the setup is more difficult to be invalidated.
Every previous case is highlighted by the red arrows, all of them have been followed by a decline. In July 2023 the effect was delayed since a green week followed the signal before the decline.
The orange arrow shows an imperfect formation in December 2023 that sent the price to the 10 Weekly average area.
Worth watching the RSI, again above 70, as in the two previous cases.
$NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $NASDAQ 100(NDX)$ $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2409(ESmain)$ $Technology Select Sector SPDR Fund(XLK)$
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https://x.com/SmartReversals/status/1805042936469717262
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