Profound_Ambition

NAS100 New Setup

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Profound_Ambition Atualizado   
PEPPERSTONE:NAS100   US 100 Cash CFD
Price made a double bottom at the key level zone (gray region) & since has pushed up with a strong shift back into bullish momentum.
I have identified a potential bullish reversal pattern forming, the Inverse Head & Shoulders formation, & price is currently forming a right shoulder in the retest supprort zone.
Above this zone, I am anticipating for buyers to build up momentum again to break the neckline above, towards the target zone above & a potential completion of the pattern.

Overall trend on the higher timeframe is also trending higher, and a fresh higher low was formed, which could be an indication on multiple timeframes that price could resume the overall uptrend.
Comentário:
Hourly Timeframe: There are 2 different approaches for setups on this pair.
A conservative trader can look for a break of the neckline and shift of structure, then a pullback to retest the broken neckline resistance to retest as new support structure, for a continuation of the impulsive uptrend movement next.
Comentário:
Daily uptrend flow is quite strong
Comentário:
What a move today .. over 200 pips
Aviso legal

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