NASDAQ : Heand n shoulder pattern

12 Nis

Nasdaq's bullish trend is forming a Very bearish trend Head and Shoulder Pattern.

if it closes below 17860 then uptrend will turn into downtrend Ist level will be 17280, 16700


Put Stoploss on closing basis.

(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series

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24 Nis

İşlem aktif

2nd target is almost reached and
This time it is trying to close above neckline 17980 and if failed to close above then a downfall will begin which lead it very deep dive.
15520, 14600, 13700

this assumption will fail if it closes above 18350.
This for educational purpose only.