NAS100 New Setup
Price made a double bottom at the key level zone (gray region) & since has pushed up with a strong shift back into bullish momentum.
I have identified a potential bullish reversal pattern forming, the Inverse Head & Shoulders formation, & price is currently forming a right shoulder in the retest supprort zone.
Above this zone, I am anticipating for buyers to build up momentum again to break the neckline above, towards the target zone above & a potential completion of the pattern.
Overall trend on the higher timeframe is also trending higher, and a fresh higher low was formed, which could be an indication on multiple timeframes that price could resume the overall uptrend.
I have identified a potential bullish reversal pattern forming, the Inverse Head & Shoulders formation, & price is currently forming a right shoulder in the retest supprort zone.
Above this zone, I am anticipating for buyers to build up momentum again to break the neckline above, towards the target zone above & a potential completion of the pattern.
Overall trend on the higher timeframe is also trending higher, and a fresh higher low was formed, which could be an indication on multiple timeframes that price could resume the overall uptrend.
ملاحظة
A conservative trader can look for a break of the neckline and shift of structure, then a pullback to retest the broken neckline resistance to retest as new support structure, for a continuation of the impulsive uptrend movement next.
ملاحظة
ملاحظة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.