NASDAQ100 long to downtrend resistance

١٨ أكتوبر ٢٠٢٠

Good evening, I think that nasdaq is ready to pullback from friday's selloff. In fact, it is near a strong support zone with the horizontal line and the trendline below. Price has also closed an inverted hammer on the daily chart. Target is the downtrend resistance, then I think that two scenarios can occur. Or the stimulus bill is approved before the elections, and this will mean a W formation leading to new ath, or price will follow the downtrend below the resistance line.
I am new here, feedbacks and comments are appreciated!