The NASDAQ (US100) is currently forming a descending triangle pattern with a clear A-B-C-D-E wave structure, signaling price compression and consolidation.
🔍 Key Insights:
The previous move was strongly bullish, increasing the probability of a continuation after consolidation.
A potential breakout above the descending trendline (blue resistance) could trigger a sharp upward move.
Target zones:
âś… First target: 20,060.6
âś… Second target: 20,573.9
Key support zone: 19,524.7 – this area acted as a launchpad for the previous bullish impulse and confirms the base of the triangle.
🧠Suggested Strategy:
Wait for a confirmed breakout with volume. Look for entries on a pullback toward the 19,811.1 zone – ideally with a bullish continuation candle.
đź“Š Additional Context:
These types of consolidation patterns often lead to explosive moves. Patience and risk management will be crucial here.
🔍 Key Insights:
The previous move was strongly bullish, increasing the probability of a continuation after consolidation.
A potential breakout above the descending trendline (blue resistance) could trigger a sharp upward move.
Target zones:
âś… First target: 20,060.6
âś… Second target: 20,573.9
Key support zone: 19,524.7 – this area acted as a launchpad for the previous bullish impulse and confirms the base of the triangle.
🧠Suggested Strategy:
Wait for a confirmed breakout with volume. Look for entries on a pullback toward the 19,811.1 zone – ideally with a bullish continuation candle.
đź“Š Additional Context:
These types of consolidation patterns often lead to explosive moves. Patience and risk management will be crucial here.
Nota
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Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.