Rising wedge on NAS100 4H - Possible bearish movement
Updated
The 4H chart for NAS100 seems to be forming a rising wedge. Price action has been supporting this and candle closure outside of this wedge could help inform future long or short positions. Considering the dead cat movement of the market over the past few days, shorts may be in view sooner rather than later.
Trade closed: target reached
Beautiful movement down from 18,400 to about 17,700. On to the next one!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.