US Nas 100
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Nasdaq about to reverse?

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The bottom trend line is a copy of the top trend line, making up a parallel channel. It is not a coincidence that it turned around there.
Also, 2 trend lines on the lower time frames have been broken.
Nota
A closer look. First 4H candle in the making for quite some time.
syot kilat
Nota
Looking good. Just need to break this trend line.
syot kilat
Nota
Oil at major trend line about to reverse down?
Gold at smaller trend line about to reverse down?
Both of these scenarios could be very bullish for Nasdaq (and other stock indexes).
syot kilat
syot kilat
Nota
This really looks like the big trend reversal to me. I think we will reach 15k (5% up from here) by middle or end of next week. After that 16k (12% up from here).
syot kilat
Nota
A closer look
syot kilat
Nota
Let's see if this parallel channel bottom trend line and 14200 support holds. I think so. syot kilat
Nota
Bounced for now but let's see what US opening results in.
syot kilat
breakoutParallel ChannelTrend LinesTrend Line Break

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