1. Head and shoulders pattern formation and neckline breakout
2. retest
3.swing high on retest area will be stop loss and sell high
4.trendline breakout confirms further downside target -15600, 15150.
5.strong support near 15000 -15100 will be the bounce area .
based on support levels it will pullback and give downside targets. volatile week.
2. retest
3.swing high on retest area will be stop loss and sell high
4.trendline breakout confirms further downside target -15600, 15150.
5.strong support near 15000 -15100 will be the bounce area .
based on support levels it will pullback and give downside targets. volatile week.
Note
First target 15600 achieved. we can expect a pull back. If you like my idea comment and follow me.Note
Now Nq is trading at resistance zone. 15970 - 16100 act as a strong resistance. A sustained move over resistance gains momentum 16140 will be target.
On failure to break the resistance will resume downtrend to achieve targets 15800, 15600. 15100.
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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.