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UNAS100 Future (Continuous futures contract)
Long

Nasdaq possibly could move up by 6-8% in coming days***

By shivam94_007
Updated
NQ1!
Nasdaq hit weekly support around 11100 $ . *** denotes the following conditions, following its completion, we can expect a rally back to 12100$. ..
- Completion of head and shoulders pattern.
- We also see positive RSI divergence on the charts along with tag of a weekly demand level, so the probabilities of short term reversal are high.

To enter this trade, I would wait for :
- Nasdaq to break out and confirm above our neckline trendline (green flag).
- SL is the breakdown of the neckline.
Trade active
Updated HS pattern neckline based on current price action
snapshot
Note
Closed 70% position, letting other 30% position as runners
Trade closed: target reached
Head and ShouldersNASDAQ 100 CFDnasdaqNASDAQ 100 CFDndxlongNASDAQ 100 E-MINI FUTURESSupply and DemandTrend Lines
shivam94_007

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