Double bottom for NAS100

1 aug.

Looking at the 4H chart, the NAS100 is setting up for a double bottom, or W pattern, scenario. There's a possibility it could pull back to around the 19,200 area before heading up to fill the gap. Earnings and job data today and tomorrow could also play into this.

1 aug.

Kommentera

Neckline has been hit. Waiting on 4H candle closure for confirmed direction.

2 aug.

Order avbruten

Rejected the double-bottom pattern. For a minute, it looked like it was on track but then news melted the markets. On to the next one!