maneeshaggarwal

Nasdaq : About to reverse it's trend

NASDAQ_DLY:NDX   Nasdaq 100 Index
A very bearish pattern Head and Shoulder. A trend reversal pattern which appears after a long uptrend. It shows that profit booking / distribution / shorts are creating. 17875-17850 is the trendline / neckline. Break of this line will ensure a strong downtrend.

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