Nasdaq 100 Trend Analysis
The price has remained inside of the secular uptrend (blue) for the last 10 years. In July of this year a breakout occurred which appears to be a head fake of the uptrend. Since breakout, the price has formed a rough head and shoulders which is clearly visible in the RSI indicator.
On October 1st the price ricocheted from the top of the short term downtrend (orange) and gapped down, indicating exhaustion. The price target is the bottom of the downtrend. A quick pullback to the secular trend is then likely.
This price move would confirm the head and shoulders pattern. As the result, a violent downwards move to a potential trend bottom (red) would occur. If the price breaches that potential trend and continues to the bottom of the secular uptrend, it is possible that it would breakout to the downside and begin a secular downtrend.
On October 1st the price ricocheted from the top of the short term downtrend (orange) and gapped down, indicating exhaustion. The price target is the bottom of the downtrend. A quick pullback to the secular trend is then likely.
This price move would confirm the head and shoulders pattern. As the result, a violent downwards move to a potential trend bottom (red) would occur. If the price breaches that potential trend and continues to the bottom of the secular uptrend, it is possible that it would breakout to the downside and begin a secular downtrend.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。