Tradeofgrey

Nasdaq Analysis Falling Wedge

Long
OANDA:NAS100USD   US Nas 100
Hello,

Currently, we are in a consolidation box, and the market seems to have intensified significantly. I have also observed a falling wedge pattern, which I believe will eventually break to the upside. Although it's unclear if we will see a breakout of the box, I will be prepared to analyze the situation once it happens. It's worth noting that there was an attempt for a downside break, but it turned out to be a false breakout.

Please refer to my previous post for the levels that I will be monitoring, and I will keep you updated on any developments. If you would like a more detailed analysis of the lower timeframe, please let me know.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.