NASDAQ: CANDLES SPEAK: 25.02.2021

Yesterday I posted this: “If the NQ futures closes below 12727.00, it would make a Double Top. It would mean that NQ could possibly fall to 10600 or even lower in the very nearest future.

Now it has a good chance to close below 12727 today or tomorrow. Tomorrow is the month end, and such closure would mean lower prices for at least one month.
The pattern can be viewed as a Double Top and also as a Head & Shoulders. If it is the H&S, the target would be 11550. For DT, the target would be 10600 or lower.
One more aspect, if the month closes below 12727, March could open with a sizeable gap down.
Two more days to watch.

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