The Nasdaq Futures has made a Falling Three Methods pattern - a bearish continuation pattern - in the Daily timeframe. Expect the downtrend to continue.
Comment:
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.
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- 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.