skypointmarkets

NAS ANALYSIS - H&S

Short
OANDA:NAS100USD   US Nas 100
Since Monday, NAS hasn't made any major movements and has been somewhat consolidating. This could be an indication that the bull run is losing momentum and that price might reverse or retrace from this point. Here we can see that there might be a head & shoulders pattern forming, confirming our short position. Will look for confirmation at 13625 -13636

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