Hello traders:
Looking as NASDAQ for the bearish opportunities to the downside.
We can see there's a HTF double tops, price moved up correctively within an ascending channel.
Latest price action formed a Head and Shoulder and broke out of the ascending channel, good sign of bearish reversal.
Look for further LTF continuation corrections to get in on the bearish move down.
Thank you
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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.