Nasdaq market structure is down trend as the market is in a DESCENDING CHANNEL on the Daily Timeframe , We have a as the market currently gave us an ASCENDING CHANNEL, which is bearish movement to the next SUPPORT zone.
Chart: H1
Pattern: Double Bottom
Strategy: SMT Breakout Strategy
NASDAQ/NAS100 gave us a Double Bottom Pattern @12740.26 to confirm the BUY movement. BUY NAS100 TP is OPEN.
Chart: M15
Pattern: Head & Shoulders
Strategy: SMT Breakout Strategy
Nas100 is respecting our SELL trend line with H&S pattern giving us an entry @12755.12.
We have a SELL movement confirmation as we have a BREAKOUT @12733,05. SELL Nas100 until SUPPORT Line @12582.52.
