Nas100: The light is getting brighter/watch this pattern
Nas100 is creating a triangle formation. We only have to wait for this pattern to be completed and violated on either side to be able to predict the direction of the market. As we know, after an impulse follows a correction, that is how the market moves and will always move. What we see right now is just a correction and a strong move is yet to come. Here is what we should keep in mind, if we see a violation of this pattern anytime soon to the bottom of it then we can expect a strong move to the downside, probably a move that will send price at least to 12000.
If bulls succeed to reverse price and if they can be able to violate the pattern to the top then we will see a strong recovery on Nas100.
Additionally, as long as Russia and Ukraine tension continues to escalate, we can expect the worst for the stock markets which will dramatically put downward pressure to the index.
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If bulls succeed to reverse price and if they can be able to violate the pattern to the top then we will see a strong recovery on Nas100.
Additionally, as long as Russia and Ukraine tension continues to escalate, we can expect the worst for the stock markets which will dramatically put downward pressure to the index.
Maybe you have additional thought to add to this. Please make use of the comment section to share your opinion.
If you like this idea, please be kind to hit that like button❤️
I truly appreciate each an everyone of you for your continuous support❤️
Keep on Trading Smart☺️
Forexintelligence
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