We took an entry at 11780 Level and I'm expecting a pump up to 11980 to 12000 level
Predefined targets would be 12200 to 12400 zone which would follow the ascending triangle pattern formed
Therefore now looking at the Bearish overall trend Nasdaq may follow a Cup and Handle formation by having a big fake bullish breakout then come and form the handle indicated by future red line
Decision is neutral and I will wait for confirmation to long or short
Predefined targets would be 12200 to 12400 zone which would follow the ascending triangle pattern formed
Therefore now looking at the Bearish overall trend Nasdaq may follow a Cup and Handle formation by having a big fake bullish breakout then come and form the handle indicated by future red line
Decision is neutral and I will wait for confirmation to long or short
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Related publications
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.