Get started
Macrobriefing

Nasdaq - US100 Inverse Head & Shoulders

Macrobriefing  
CURRENCYCOM:US100   None
Trend Analysis Chart Patterns Technical Indicators nasdaq NQ us100 stocktrading analysis head_and_shoulder chart pattern Technical Analysis
3
0
trendanalysis chartpattern indicator nasdaq nq us100 stocktrading analysis head_and_shoulder chart pattern technicalanalysis
A lot of traders will be looking at this pattern today. Will the RH shoulder form and will the price travel back up to the neckline?
The speculators will buy here, which means they will put their stops under the head. A big pool of liquidity is always a big magnet for stop hunters.
I don't trade these patterns but I keep an eye on the market structure to keep ahead of market psychology.

Related Ideas

Macrobriefing
FOMC - Nasdaq
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.