Long
US100/ NASDAQ: Likely to challenge recent high
Based on this 4H chart, there's an inverted H&S pattern.
Given the selloff last Friday, the momentum is being suppressed a little.
Let's see if it will breakout from its neckline. If it does, then 1st TP will be the recent high.
Will like to see price holds above 1620. If it doesn't, then likely it's a fail pattern.
Look for strong patterns on tech counters too.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Given the selloff last Friday, the momentum is being suppressed a little.
Let's see if it will breakout from its neckline. If it does, then 1st TP will be the recent high.
Will like to see price holds above 1620. If it doesn't, then likely it's a fail pattern.
Look for strong patterns on tech counters too.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Ordine annullato
Oh well! Pretty strong selloff
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Declinazione di responsabilità
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.