This NASDAQ 100 chart shows an inverted Head and Shoulders pattern. The "head" is near 18,800, with the "left shoulder" and "right shoulder" around 19,200-19,400. The neckline is at approximately 19,800, and the price has broken above it, indicating a bullish reversal. The measured target is around 22,800, based on the pattern's height projected upward.
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.
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.