NSXUSD (US Tech 100) finds itself in a Bearish Channel which seems to be the product of a Bull Flag given the strong Uptrend prior to Price entering patterning.
With a Bull Flag, typically Price will test both Falling Support & Resistance until enough Buying pressure is applied to where price gives us a Bullish Break of the Falling resistance to climb higher!
I anticipate that Price potentially finds that support IF & WHEN it makes contact with the 200 EMA.
-Keep in mind, Chart Patterns are known to fail 1/3 of the Time!
-BE AWARE OF FALSE BREAKS!
With a Bull Flag, typically Price will test both Falling Support & Resistance until enough Buying pressure is applied to where price gives us a Bullish Break of the Falling resistance to climb higher!
I anticipate that Price potentially finds that support IF & WHEN it makes contact with the 200 EMA.
-Keep in mind, Chart Patterns are known to fail 1/3 of the Time!
-BE AWARE OF FALSE BREAKS!
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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.