US Nas 100Short
NAS - Channel
There's a nice channel here that seems to be garnering a fair amount of respect, a dozen or so touches top, bottom and middle, just fallen out once on what I see a corrective 4th wave.
So, price has fallen out of it once and we are currently trading in the bottom half, basically in price discovery, I wonder if the rally really is over? My hunch is yes and the channel will break to the downside. Could be a big drop.
What do you think?
So, price has fallen out of it once and we are currently trading in the bottom half, basically in price discovery, I wonder if the rally really is over? My hunch is yes and the channel will break to the downside. Could be a big drop.
What do you think?
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