Hi everyone:
Looking at NDX for more sell potential.
Price has been in this larger, deep channel structure, continue to push the price up.
Latest price action we see an ascending channel structure, bring the price to the top of the larger structure.
We then see a strong bearish push to the down side.
waiting for a correction on the lower time frame would be ideal for bearish continuation setups.
Look and re-evaluate to see what price will do at the bottom of the channel.
Thank you
Looking at NDX for more sell potential.
Price has been in this larger, deep channel structure, continue to push the price up.
Latest price action we see an ascending channel structure, bring the price to the top of the larger structure.
We then see a strong bearish push to the down side.
waiting for a correction on the lower time frame would be ideal for bearish continuation setups.
Look and re-evaluate to see what price will do at the bottom of the channel.
Thank you
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Related publications
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.