Nasdaq futures, descending triangle

E-mini Nasdaq-100 FuturesCME

Description

⋅ Nov 28, 2022 8:12 AM

We had quite a powerful breakout recently in these futures but over the weekend it seems to have run out of energy and flopped back down again. I can draw the beginnings of a descending triangle pattern which leans bearish for Nasdaq.

Chart Patterns Triangle