NASDAQ 100 HEAD AND SHOULDERS PATTERN

Looks like we have head and shoulders pattern in development which indicates trnd reversal and start bigger degree correction. Wait for clear breakout of necline of pattern to entry.

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Trade active

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If daily candle close below neckline e will have confirmation of bear trend

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Wow what a fantastic price action.

First target almost reached.

I will keep trade for much longer if there won't be any change in structure.

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First target reached.

I have not close any position as price action shows we will have further decline soon

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I few days correction before next move

Trade closed: target reached

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I have closed only 2/3 of position and kept 1/3 to see how deep it might drop.

Fantastic trade and big winner !!!

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Current price action I consider as a part of correction and I expect another drop.

pablo82

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pablo82