Draw this chart for learning purpose after market close on Aug 22, 2022.
First Idea to publish publicly to apply the learning, I am not an expert just influenced by analysts publish on TradingView and decided to apply knowledge acquired by trying to draw and step out of my shell
First Idea to publish publicly to apply the learning, I am not an expert just influenced by analysts publish on TradingView and decided to apply knowledge acquired by trying to draw and step out of my shell
Note
Nasdaq 100 - 15min bar Price get into a wedge below the channel, could go back to the channel for the last 2 hoursNote
Note
Nasdaq 100 within Symmetrical Wedge on 1H candle and have a resistance above where price is not able to break since Aug 22, 2022 02:00pm.A breakup or breakdown is needed before deciding which direction it might go to
Note
Scenarios of target on 1H
Note
Price breakdown the symmetrical wedge, Next Support expected to be ~12750Note
Nasdaq 100 break up and now facing upper resistance, if managed to break above it big chance it will fill in the gap created at Monday open (circled in the chart)Note
VIX has a gap down opened at Monday too, which supports the scenario of Nasdaq 100 breakup
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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.