Nasdaq 100 shows a clear Double Top pattern, signaling a potential bearish reversal after recent bullish momentum. Price has broken below the neckline, confirming the pattern, and is now heading toward the projected target around 16,500.
Fundamentally, risk sentiment remains shaky amid rising interest rate expectations and mixed earnings reports, adding pressure to tech-heavy indices like US100.
Pattern: Double Top
Bias: Bearish
Target: 16,500
Resistance: 18,000+
Trade Active: Short bias below neckline level
NOTE: This is not financial advice. Trade at your own risk.
Support: Like & follow for more trade ideas!
Fundamentally, risk sentiment remains shaky amid rising interest rate expectations and mixed earnings reports, adding pressure to tech-heavy indices like US100.
Pattern: Double Top
Bias: Bearish
Target: 16,500
Resistance: 18,000+
Trade Active: Short bias below neckline level
NOTE: This is not financial advice. Trade at your own risk.
Support: Like & follow for more trade ideas!
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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.
join my free Channel
t.me/+Jd5ZLmsvF-FkZjg0
Telegram Contact
t.me/GoldUkExpert
t.me/+Jd5ZLmsvF-FkZjg0
Telegram Contact
t.me/GoldUkExpert
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.