Long

NAS100 Short term idea

Updated

Yesterday, there was a huge sell-off, as expected. But the price is turning into a reverse head and shoulders pattern - which is a powerful reversal sign. As we use 30min chart, we don't expect to be a huge buying activity, though.

Note

We should wait for a breakout. Otherwise, it will turn into a triangle.

Note

Breakout has just occurred.

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