US 100
Short

NASDAQ Starting a double Top rejection towards the 1day MA200.

Nasdaq / US100 is pulling back after a Double Top formation at 16970.

The 1day RSI is already inside a Channel Down, much like the patterns of the July 19th 2023 and February 03 2023 Tops.

They both declined by -9.00% on average.

Sell and target 15850, which is slightly over the bottom of the Rising Wedge (Rising Support) - 1day MA200 - 0.5 Fibonacci Support Zone.

Previous chart:

NASDAQ Long-term Rising Wedge top approaching.


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Chart PatternsTechnical IndicatorsnasdaqNASDAQ 100 CFDNASDAQ 100 E-MINI FUTURESTrend Analysisus100

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