Moshkelgosha

Breaking below the Neck line!

Short
NASDAQ:NDX   Nasdaq 100 Index
NASDAQ broke below the neckline yesterday and finished the pullback in the 1st hour of today's market!
It is highly likely we see another 8% correction by the end of December!
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. (Investopedia)

Head and Shoulders Pattern could be reliable as 80-85%!

You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!

Best,

Moshkelgosha

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