NASDAQ 100 breakout to the downside of rising channel on H1 confirmed. H1 chart broke down out of channel then retested the support trendline. Price is now consolidating below the trendline providing a comfortable sell stop entry right below the consolidation box and a safe stop loss right above it. Target profits can be placed at the top of the 7000.0 region.
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.