Nasdaq 100 IndexShort
The bearish two black gapping in the NASDAQ weekly chart.
When you are looking for a long-term outlook, it is better to check the weekly chart..!
Any pattern in the weekly chart could have more value in long-term interpretation.
The bearish two black gapping
The bearish two black gapping continuation pattern appears after a notable top in an uptrend, with a gap down that yields two black bars posting lower lows. This pattern predicts that the decline will continue to even lower lows, perhaps triggering a broader-scale downtrend. According to Bulkowski, this pattern predicts lower prices with a 68% accuracy rate.(Investopedia)
This is my last Nasdaq chart.
Any pattern in the weekly chart could have more value in long-term interpretation.
The bearish two black gapping
The bearish two black gapping continuation pattern appears after a notable top in an uptrend, with a gap down that yields two black bars posting lower lows. This pattern predicts that the decline will continue to even lower lows, perhaps triggering a broader-scale downtrend. According to Bulkowski, this pattern predicts lower prices with a 68% accuracy rate.(Investopedia)
This is my last Nasdaq chart.
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.