NAS100USD has been traveling in a Descending Triangle since its High created on July 19th followed by the 3 failed attempts to push higher!
Last week ended with STRONG BEARISH MOMENTUM nearly giving us our break of pattern confirmation at 14552.8. Since price closed INSIDE Support and not OUT, the potential for price to remain in pattern a little longer is there.
*Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
-Pattern Prediction-
*If price Breaks and Closes above the Falling Resistance, pattern INVALIDATED!
*If price Breaks and Closes below 1455.28, this will initiate my Trade Action Plan!
Last week ended with STRONG BEARISH MOMENTUM nearly giving us our break of pattern confirmation at 14552.8. Since price closed INSIDE Support and not OUT, the potential for price to remain in pattern a little longer is there.
*Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
-Pattern Prediction-
*If price Breaks and Closes above the Falling Resistance, pattern INVALIDATED!
*If price Breaks and Closes below 1455.28, this will initiate my Trade Action Plan!
Note
We are Price giving us a solid break below Support!! Watch for a pullback to retest!!Trade active
Sell Entry @ 14550
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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.