US100 CFD
Panjang

NASDAQ - Possible Inverted Head and Shoulder

195
What we are witnessing right now could be the possible start of second shoulder of the inverted head and shoulder pattern on NASDAQ. if the bounce is successful considering the Bullish engulfing on daily candle of the date 4-13-2022. We are possibly having a go ahead to start entering long on NASDAQ.

Targets in sight are:
15100 - Foundation resistance of the inverted head and shoulder
15900 - A possible minor support region
16500 - The last target as indicated by the base of the inverted head and shoulder pattern

You might wanna bail out below 13500

Best of luck, Happy Trading, Happier profits, Always ensure maximum risk management :)

Penafian

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