Analysis of #US100
The NASDAQ is forming the second shoulder in a bullish head and shoulders pattern, which could be the start of a bottoming process.
The Aggressive Entry Would Be to Enter Now in A Small Position with A Stop Below the Head.
The Better and More Conservative Entry Is to Sit and Wait for A Confirmation of Breaking the Neckline Resistance Then Look for A Trend Continuation Setup for Targeting the Next Level of Resistance Near 12800.
Thanks for your continued support!
The NASDAQ is forming the second shoulder in a bullish head and shoulders pattern, which could be the start of a bottoming process.
The Aggressive Entry Would Be to Enter Now in A Small Position with A Stop Below the Head.
The Better and More Conservative Entry Is to Sit and Wait for A Confirmation of Breaking the Neckline Resistance Then Look for A Trend Continuation Setup for Targeting the Next Level of Resistance Near 12800.
Thanks for your continued support!
