NASDAQ \ US100 - Analysis
NASDAQ \ US100
MN - The price has risen by more than 50% without corrective movements
W1 - After the trend line is broken, a downward movement can potentially form, which will lead to a correction on the MN timeframe and the formation of the Head and Shoulders pattern.
In case of its implementation, we can expect the price to rise to the level of 14553 and further decrease to 13460.
What can be expected now?
If the formation is not false, then the nearest target is 15171 and further movement to 14710.
Long term - targets 14553 - 13891 - 12870
Medium term - targets 15171 - 14907 - 14710
MN - The price has risen by more than 50% without corrective movements
W1 - After the trend line is broken, a downward movement can potentially form, which will lead to a correction on the MN timeframe and the formation of the Head and Shoulders pattern.
In case of its implementation, we can expect the price to rise to the level of 14553 and further decrease to 13460.
What can be expected now?
If the formation is not false, then the nearest target is 15171 and further movement to 14710.
Long term - targets 14553 - 13891 - 12870
Medium term - targets 15171 - 14907 - 14710
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.