Daily Challenge

Would You Take This Trade?

Read the scenario. Decide: long, short, or no trade. See how you compare with other traders.

NQ1Hadvanced
2026-03-24

SCENARIO

NQ is at 20,000 -- a major round number. It has been rising steadily for 3 days, gaining 400 points. The 1H chart shows a rising wedge pattern forming with higher highs on decreasing volume. The last 3 candles are spinning tops / dojis right at 20,000. RSI(14) is at 72.

Market Context

Mega-cap tech earnings start next week. Traders are positioning ahead of earnings. Options data shows heavy put buying at the 20,000 strike (protective hedging). Implied volatility is rising.

Key Levels

20050Rising wedge upper line
20000Current price / round number
19900Rising wedge lower line
19800Pre-rally support
Would You Take This Trade?