Nasdaq 100 (US100) – Bearish Double Top Pattern

Nasdaq 100 shows a clear Double Top pattern, signaling a potential bearish reversal after recent bullish momentum. Price has broken below the neckline, confirming the pattern, and is now heading toward the projected target around 16,500.

Fundamentally, risk sentiment remains shaky amid rising interest rate expectations and mixed earnings reports, adding pressure to tech-heavy indices like US100.

Pattern: Double Top
Bias: Bearish
Target: 16,500
Resistance: 18,000+
Trade Active: Short bias below neckline level

NOTE: This is not financial advice. Trade at your own risk.
Support: Like & follow for more trade ideas!