The NAS100 experienced a significant bullish leg beginning on Monday, April 22, 2024, from the area of value at 16990.00, reaching an all-time high of 20775.75 on Thursday, July 11, 2024. Following this extended bullish cycle, a bearish leg has emerged, currently nearing its anticipated target at 18202.30. This downward movement was confirmed by the formation of a...
The NAS100 experienced a significant bullish leg beginning on Monday, April 22, 2024, from the area of value at 16990.00, reaching an all-time high of 20775.75 on Thursday, July 11, 2024. Following this extended bullish cycle, a bearish leg has emerged, currently nearing its anticipated target at 18202.30. This downward movement was confirmed by the formation of a...
The ladder pattern for this bullish trend is strong with the confluence of the bullish pennant in between structure. MSFT show strong bullish trend!!!!
The prevailing Macro structure is bullish flag, with the confluence of in pattern of falling pennant pattern, with a failed arc at the breakout.
The fundamental analysis , for this equity asset the sentiment looks bullish, but the technical perspective looks bearish. the pattern in play is not yet completed for a bearish leg, the third torch is still prominent to be played out. The confluence of this prominent bearish move is influence by H&S pattern.
Confluence of both harmonic pattern and and Macro bullish wedge of which is not yet completed. The anticipated sell off is about to complete a third torch to the lower trendline of the pattern.