NAS100 has created a series of HHs and HLs. The price action formed a double top coupled with a bearish divergence. The PA tested the trendline and neckline at the same point of confluence, and the PA moved upwards. Once again, a double top is formed coupled with a bearish divergence. The PA will retest the trendline and neckline. If the PA successfully breaks both the trendline and the neckline, the trade will trigger.
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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.