NASDAQ100 : FORECAST
OUR TECHNICAL ANALYSIS POINTS OUT THAT WE WILL BE GOING SHORT(sell) ON NASDAQ100. LOOK AT THE POINTS BELOW WHICH EXPLAIN FURTHER AS TO WHY WE CAME TO THIS DECISION.
1. We have an overall pattern of a FALLING WEDGE that might possibly form.
2. Within the Falling Wedge we had an ASCENDING CHANNEL that played out.
3. We had a breakout of the ASCENDING CHANNEL and we are currently in a correctional phase
- we looking to get a continuation pattern which will add more confluence to our setup
4. To further more add on to our confluence, we have a HEAD & SHOULDERS pattern that is forming
1. We have an overall pattern of a FALLING WEDGE that might possibly form.
2. Within the Falling Wedge we had an ASCENDING CHANNEL that played out.
3. We had a breakout of the ASCENDING CHANNEL and we are currently in a correctional phase
- we looking to get a continuation pattern which will add more confluence to our setup
4. To further more add on to our confluence, we have a HEAD & SHOULDERS pattern that is forming
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