According to my analsys, NAS100 has been traveling in a descending channel with long range pullbacks without breaking structure/trend. It has pulled back to the top of the channel and is now ready to drop creating a new low with continuation of the trend. As you see, I marked the rejections of the trendline as it has previously prior to changing directions.
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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.