Descending Triangle - NAS100USD
NAS100USD has been traveling in a Descending Triangle since its High created on July 19th followed by the 3 failed attempts to push higher!
Last week ended with STRONG BEARISH MOMENTUM nearly giving us our break of pattern confirmation at 14552.8. Since price closed INSIDE Support and not OUT, the potential for price to remain in pattern a little longer is there.
*Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
-Pattern Prediction-
*If price Breaks and Closes above the Falling Resistance, pattern INVALIDATED!
*If price Breaks and Closes below 1455.28, this will initiate my Trade Action Plan!
Last week ended with STRONG BEARISH MOMENTUM nearly giving us our break of pattern confirmation at 14552.8. Since price closed INSIDE Support and not OUT, the potential for price to remain in pattern a little longer is there.
*Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
-Pattern Prediction-
*If price Breaks and Closes above the Falling Resistance, pattern INVALIDATED!
*If price Breaks and Closes below 1455.28, this will initiate my Trade Action Plan!
Catatan
We are Price giving us a solid break below Support!! Watch for a pullback to retest!!Trade aktif
Sell Entry @ 14550
"An investment in knowledge will pay the best interest." - B. Franklin
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"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.