TheTradersAvenue

NAS100 > Possible Bullish Head and Shoulders Pattern!!

Long
Analysis of #US100


The NASDAQ is forming the second shoulder in a bullish head and shoulders pattern, which could be the start of a bottoming process.

The Aggressive Entry Would Be to Enter Now in A Small Position with A Stop Below the Head.

The Better and More Conservative Entry Is to Sit and Wait for A Confirmation of Breaking the Neckline Resistance Then Look for A Trend Continuation Setup for Targeting the Next Level of Resistance Near 12800.






Thanks for your continued support!

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.