Falling Wedge Nasdaq 100
I interpret a Falling Wedge which is per se documented as a bullish Pattern. It could be a reversal Pattern here to give a bullish correction to the last Days / Weeks of Sell Off.
For a potent move though we would need to see an increasing amount of volume when the Breakout occurs.
Also be careful and watch the bottom support line closely if we break this line downwards it could be also a very potent move but this time downwards, because its a significant support line that held up several times already.
Wait for a confirmed breakout up or down, this can take a couple of more Days!
Good luck and dont take too much Risk!
Disclaimer: I have no Idea what im talking about, dont listen to me!
For a potent move though we would need to see an increasing amount of volume when the Breakout occurs.
Also be careful and watch the bottom support line closely if we break this line downwards it could be also a very potent move but this time downwards, because its a significant support line that held up several times already.
Wait for a confirmed breakout up or down, this can take a couple of more Days!
Good luck and dont take too much Risk!
Disclaimer: I have no Idea what im talking about, dont listen to me!
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