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tshiimom_sa

Ascending Triangle, NAS100

Long
US 100 (CAPITALCOM:US100)  
tshiimom_sa Updated   
CAPITALCOM:US100   US 100
Chart Patterns AB=CD Triangle
3
0
chartpattern abcdpattern triangle
The overall trend on the NAS100 is bullish. This validates the ascending triangle on the 4H timeframe.

We also have a few other confluences:
  1. There is a Fair Value Gap between 15 531 - 15 743.
    What Is a Fair Value Gap? A fair value gap is especially popular among price action traders and occurs when there are inefficiencies or imbalances in the market, or when the buying and selling are not equal. Fair value gaps can become a magnet for the price before continuing in the same direction
  2. The Drawdown we experienced in October was just a correction of price. We can expect price to create an ATH and even go above 16 700 before year end

NB! This is not financial advice. Take action based on this inforation at your own descretion.
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