ServiceNow (
NOW) has shifted into a clear corrective structure on the 4-hour timeframe after failing to sustain momentum near the $150.00 highs. The impulsive breakdown beneath the key $136.50 – $138.00 support and resistance zone decisively flipped previous structure into firm overhead supply, establishing strong bearish momentum.
This structural break validated a clean sequence, establishing an initial reaction low at Point A ($135.50) followed by a lower-high correction into Point B ($146.50). With the subsequent impulse pushing directly through Point A, the sequence was activated, dictating clear market geometry that now draws price downward toward its completion.
The active sequence target sits firmly at Point C within the $120.50 – $125.50 zone. As long as price remains suppressed beneath the broken horizontal structure, the path of least resistance remains pointed toward Target C to fulfill the structural move.
NOW) has shifted into a clear corrective structure on the 4-hour timeframe after failing to sustain momentum near the $150.00 highs. The impulsive breakdown beneath the key $136.50 – $138.00 support and resistance zone decisively flipped previous structure into firm overhead supply, establishing strong bearish momentum.This structural break validated a clean sequence, establishing an initial reaction low at Point A ($135.50) followed by a lower-high correction into Point B ($146.50). With the subsequent impulse pushing directly through Point A, the sequence was activated, dictating clear market geometry that now draws price downward toward its completion.
The active sequence target sits firmly at Point C within the $120.50 – $125.50 zone. As long as price remains suppressed beneath the broken horizontal structure, the path of least resistance remains pointed toward Target C to fulfill the structural move.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.