Structure: Double Top and Possible H&S
Nasdaq has been trading in an uptrend channel. Price rejected on the previous high (which is the all time high) forming a Double Top with neckline area 15500 & 15600, which is also the previous Higher High.
Price broke below neckline, expecting a retest on the broken Support which is now Resistance.
Nasdaq has been trading in an uptrend channel. Price rejected on the previous high (which is the all time high) forming a Double Top with neckline area 15500 & 15600, which is also the previous Higher High.
Price broke below neckline, expecting a retest on the broken Support which is now Resistance.
