NASDAQ- In Weekly time frame we can see it is like forming inverted H&S pattern. So we can expected a up move soon it the H&S pattern is formed. Need to wait and see for the pattern Formation. If the pattern is formed then the 1st target will be near the 1st resistance 70.
Disclaimer: Only for learning purpose and not a trading recommendation. Do your own research
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It feels like the pattern is becoming valid. Inverted H&S . Lets wait for the right should to form completely.. Watching on it
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H&S Pattern Formed as Predicted. So the target will be 70
My NASDQ speculation is similar with the short sells and long buy sentiments, on the 1W i saw a double bottom and currently its retesting on the neckline so the is a higher probability of a strong bullish momentum after it finishes retesting or as u said "forming the right valley of the H&S"
Prabu_Sha
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@CamMiracle1, It has already given target for H&S Pattern. 69.27 is the target and after reaching it, it started to fall. It may reach 51 in few day and as you said we can expect some bounce back. Lets wait to see what pattern it forms.