NAS100 H1

Price has previously created a rising wedge pattern, & has broken it to the downside after failing multiple times to break above key level resistance, which aligns with the higher timeframe descending trend line which was rejected for a "3rd time today. Price also has formed a head on shoulders formation on the lower timeframe & has made a successful break & retest of the neckline. I am watching the intraday supply zone here for price to print a fresh lower high, where then on the lower timeframe I will be anticipating for price to make a lower low towards 4 Hour support below.

노트

8 Hour timeframe: A clear look at the descending trendline on the higher timeframe, along with the resistance zone that price has seen some strong momentum at previously.

노트

15 Minute timeframe:

노트

+80 pips, & NO drawdown. What a trade. SL is now at breakeven & there is no risk on the table.

Profound_Ambition

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Profound_Ambition