The NASDAQ 100 INDEX is currently exhibiting bullish momentum, aiming to finalize its AB=CD pattern. Nevertheless, there is a discernible bearish deep crab pattern forming, suggesting a potential reversal around the 20,548 level. Further confirmation could arise from a bearish divergence near this price, bolstering the case for a downside correction. Traders should watch these levels closely for indications of a shift in market sentiment.
Note
Price turned bearish on PRZ.Trade closed: target reached
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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.