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UsmanFarouk

NAS100 is likely to continue bearish trend on 1H timeframe

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US 100 Cash CFD (PEPPERSTONE:NAS100)  
UsmanFarouk  
PEPPERSTONE:NAS100   US 100 Cash CFD
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
NAS100 is presently in downtrend on 1H timeframe. The index has made a bearish pennant continuation pattern. Accordingly, a short entry is planned on downward breakout of the pole; downward price potential has also been marked on chart. Proportionate SL, TP1 and TP2 have been placed.
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