Nasdaq 100 appeared to have broken out of a monthly resistance. But it seems to be breaking into a cluster of resistance: Suuplu zone, horizontal resistance and 1W MA 100, making the possibility of the breakout turning to fake out very high. All this is happening while the price is forming an ascending wedge. We can look for a sell setup here but the fall is not going to be smooth because of varieties of support the price will encounter
Note
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.
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.