After the big bull move of nas100 yesterday, we found some resistance and price is failing to go higher.
We can see that its breaking smaller support levels and creating lower highs while creating lower lows as well.
This is a possible reversal and swing trade developing.
We can see a break of the mornings rising channel, and a head and shoulder pattern forming on the 15m and 30m timeframe.
Could potentially see a swing to the downside which acts as a retracement of the bigger upward move.
Risk Reward 500 Pips stop loss for a potential 1500 Pips take profit and or 2500 Pips take profit.
Should the whole trading plan play out, you...
