Possible Basing Pattern Developing On Nasdaq 100 Futures Charts
While not the perfect spot for a Inverse Head & Shoulders pattern, but all the hallmarks are there, including a previous decline...Check! A left lower shoulder....Check! A head (Friday's low)...Check! And finally a well-developed neckline (probably the most important!)
Now the Nasdaq 100 futures chart need only to hold-up in the 11.7K region (last Thursday's low), which it has done so far. Next,pattern's neckline for confirmation all that would need to happen is for price-action to take-out the neckline which is located at the recent highs seen over the last two days just above 12K
Now the Nasdaq 100 futures chart need only to hold-up in the 11.7K region (last Thursday's low), which it has done so far. Next,pattern's neckline for confirmation all that would need to happen is for price-action to take-out the neckline which is located at the recent highs seen over the last two days just above 12K
Nota
Didn't exactly, but equities over-all held-in Tuesday. Focus shifts to the so-called neckline (NQ) above 12k to confirm medium-term basing.Long around 11.8k for a move towards 12.1k 1st then 12.4.....
Nota
Stop-loss at 11,650Nota
1st target hit2nd target @ 12.4k
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.