What we are witnessing right now could be the possible start of second shoulder of the inverted head and shoulder pattern on NASDAQ. if the bounce is successful considering the Bullish engulfing on daily candle of the date 4-13-2022. We are possibly having a go ahead to start entering long on NASDAQ.
Targets in sight are:
15100 - Foundation resistance of the inverted head and shoulder
15900 - A possible minor support region
16500 - The last target as indicated by the base of the inverted head and shoulder pattern
You might wanna bail out below 13500
Best of luck, Happy Trading, Happier profits, Always ensure maximum risk management :)
Targets in sight are:
15100 - Foundation resistance of the inverted head and shoulder
15900 - A possible minor support region
16500 - The last target as indicated by the base of the inverted head and shoulder pattern
You might wanna bail out below 13500
Best of luck, Happy Trading, Happier profits, Always ensure maximum risk management :)
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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.
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.