NAS100 Triangle Apex – Breakout or Breakdown Imminent

11 Apr

Bullish View:

• Price is forming higher lows and holding above the lower ascending trendline.
• A breakout above the upper descending trendline near 18,500 would confirm bullish
momentum.
• If the breakout is sustained, potential upside targets include 18,650 and 18,800.

Bearish View:

• Price has tested the lower support trendline and shown weakness near the apex of the
triangle.
• A breakdown below 18,100 would indicate bearish momentum and invalidate the ascending
structure.
• If the breakdown is sustained, potential downside targets include 17,950 and 17,700.

11 Apr

Dagangan aktif

Updated Technical Outlook – NAS100 Breakout Confirmed Bullish (Long)

Bullish View:

• The price has broken above the descending trendline resistance of the symmetrical triangle pattern, signaling a potential bullish breakout.
• Confirmation of breakout is supported by strong bullish candles closing above the resistance.
• A long position is marked with an entry around 18,580, a stop-loss near 18,406, and a target near 18,925.
• This setup indicates a risk-reward ratio favouring the bulls, aiming for continuation toward recent highs.

Bearish Invalidation:

• The bearish view is currently invalidated as price has closed above key resistance.
• Bears would need to see a failed breakout (fakeout) and strong rejection back into the pattern with follow-through below 18,400 to regain control.
• Until then, momentum favour's the bulls.