NAS100 has formed its signature bottoming structure after a big correction, in this TA I will show you how the NAS100 time and time again forms W patterns before reversing to the upside .
There plenty of examples showing this fractal playing out over the last 10 years , here are a few.
As you can see every time this pattern forms its the bottom before a wave to the upside. I couldn't find one instance where the NAS100 formed a W pattern and we crashed to the downside.
I'm not calling a bull run but a multi month rally to the 8/1 Gann is in the cards , heck the technical target breakout alone of this W pattern is 13700 which puts us at August 2022 high.
Tonight we have FOMC meeting so like always there will be a lot of volatility so best to stay out of any leverage trades till tomorrow.
Keep in mind that the NAS has pulled back nearly 8% before heading higher coming out of these W patterns.
Do not be fooled by movements next 24-48hours , this W pattern has very high success rate!
There plenty of examples showing this fractal playing out over the last 10 years , here are a few.
As you can see every time this pattern forms its the bottom before a wave to the upside. I couldn't find one instance where the NAS100 formed a W pattern and we crashed to the downside.
I'm not calling a bull run but a multi month rally to the 8/1 Gann is in the cards , heck the technical target breakout alone of this W pattern is 13700 which puts us at August 2022 high.
Tonight we have FOMC meeting so like always there will be a lot of volatility so best to stay out of any leverage trades till tomorrow.
Keep in mind that the NAS has pulled back nearly 8% before heading higher coming out of these W patterns.
Do not be fooled by movements next 24-48hours , this W pattern has very high success rate!
Note
Mirror fractal guys 
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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.