Get started
Pennywick

NAS - Descending Broadening Wedge Pattern Break Ruler

NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
Pennywick  
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Trend Analysis Chart Patterns Technical Indicators nasdaq NASDAQ 100 CFD NASDAQ 100 E-MINI FUTURES Descending Broadening Wedge
2
0
trendanalysis chartpattern indicator nasdaq nas100 nq1! descendingbroadeningwedge
NASDAQ has broken through the key resistance confirming a two hour inverse head and shoulders as the vehicle to break the broadening wedge to the upside. Price is supported by the 8 EMA on the 5 min with what looks like an Algo short-covering (profit taking) signature.
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.