Bearish Continuation Pattern
Updated
The Nasdaq Futures has made a Falling Three Methods pattern - a bearish continuation pattern - in the Daily timeframe. Expect the downtrend to continue.
Note
It is now making lower highs - 13220 on 26.8.22- 12987 on 13.9.22
and - 12339 on 13.12.22
It made an excess low at 10484 on 13.10.22
From October it has been in a balance between 10484 and 12339.
It has to breakout above or below these levels for any change to occur.
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.