NQ Reversal Pattern
US100 had a sharp significant drop and after touching the support level at 16000, price is pushed to the upside and started to rise.
Currently, it seems like a bullish reversal Head & Shoulders pattern is being created.
There is a resistance level (neckline) at 16460, and if price breaks it and closes a bullish confirmation candle above this level, we can expect more growth for the index around 16725
Currently, it seems like a bullish reversal Head & Shoulders pattern is being created.
There is a resistance level (neckline) at 16460, and if price breaks it and closes a bullish confirmation candle above this level, we can expect more growth for the index around 16725
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