NASDAQ SELLS Bearish Breakout (Most Probable): The price breaks down from the ascending triangle. This could involve:
Rejection at 20,486.0 followed by a break below the lower trendline of the ascending triangle.
Direct break below the lower trendline without significantly testing 20,486.0 again.
This would signal a continuation of the downtrend established by the bearish BOS.
Continued Consolidation (Less Probable, but Possible): The price might continue to trade within the ascending triangle for a bit longer. However, even in this case, the underlying bearish pressure would still favor a bearish resolution eventually.
Unexpected Bullish Breakout (Least Probable): While less probable given the bearish BOS, an unexpected bullish breakout above 20,486.0 is always possible in markets. However, for this to happen, there would need to be a significant shift in market sentiment and buying pressure to overcome the established bearish momentum. This would be considered a lower probability scenario given the current chart context.