NAS100 has formed its signature bottoming structure after a big correction, in this TA I will show you how the NAS100 time and time again forms W patterns before reversing to the upside .
There plenty of examples showing this fractal playing out over the last 10 years , here are a few.
As you can see every time this pattern forms its the bottom before a wave to the upside. I couldn't find one instance where the NAS100 formed a W pattern and we crashed to the downside.
I'm not calling a bull run but a multi month rally to the 8/1 Gann is in the cards , heck the technical target breakout alone of this W pattern is 13700 which puts us at August 2022 high.
Tonight we have FOMC meeting so like always there will be a lot of volatility so best to stay out of any leverage trades till tomorrow.
Keep in mind that the NAS has pulled back nearly 8% before heading higher coming out of these W patterns.
Do not be fooled by movements next 24-48hours , this W pattern has very high success rate!
There plenty of examples showing this fractal playing out over the last 10 years , here are a few.
As you can see every time this pattern forms its the bottom before a wave to the upside. I couldn't find one instance where the NAS100 formed a W pattern and we crashed to the downside.
I'm not calling a bull run but a multi month rally to the 8/1 Gann is in the cards , heck the technical target breakout alone of this W pattern is 13700 which puts us at August 2022 high.
Tonight we have FOMC meeting so like always there will be a lot of volatility so best to stay out of any leverage trades till tomorrow.
Keep in mind that the NAS has pulled back nearly 8% before heading higher coming out of these W patterns.
Do not be fooled by movements next 24-48hours , this W pattern has very high success rate!
Comment:
Mirror fractal guys
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