Bearish Head and Shoulders pattern completing in tha Nasdaq

22 apr 2018

The right shoulder of a bearish Head and Shoulder pattern (or first Lower High LH1) seems to be developing in the Nasdaq, favoring short positions. This increases the likelihood of the "Significant Market Correction" I commented on my previous idea. If this pattern continues, the next possible target price could be around the daily 200 MA at 6800 approx.

https://www.tradingview.com/x/oeNhZq79/