Get started
MasteringCS

Bearish Head and Shoulders pattern completing in tha Nasdaq

Short
US Composite Index (TVC:IXIC)  
MasteringCS  
TVC:IXIC   US Composite Index
Chart Patterns
4
0
chartpattern
The right shoulder of a bearish Head and Shoulder pattern (or first Lower High LH1) seems to be developing in the Nasdaq, favoring short positions. This increases the likelihood of the "Significant Market Correction" I commented on my previous idea. If this pattern continues, the next possible target price could be around the daily 200 MA at 6800 approx.

snapshot
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.