NASDAQ is in an ascending channel with two supporting trendlines, displaying a strong bullish move.
NAS100 also appears to be in the last part of the Inverse HNS (right shoulder).
PREDICTION: As soon as the Inverse HNS is complete, NAS100 will remain in the channel, hit resistance and fall back to the stronger support as displayed by the RED illustrations. Therefore creating an opportunity to go in long.
NAS100 also appears to be in the last part of the Inverse HNS (right shoulder).
PREDICTION: As soon as the Inverse HNS is complete, NAS100 will remain in the channel, hit resistance and fall back to the stronger support as displayed by the RED illustrations. Therefore creating an opportunity to go in long.