NASDAQ $NQ US100 Major Levels And Patterns

Nasdaq bounced yesterday heavily and completed a W pattern. I personally have been able to capture majority of this move. You can consider yesterday's W pattern a sort of double bottom which means hat more bullishness is expected in the medium term.

On a short term, now that it has completed a W pattern and reached previous important zone which had a gap, so we can expect a correction here but this may not be a big one. In a rare case there may not be any correction here at all because NASDAQ is forming a pattern which when forms usually ignores all the smaller W and M patterns.

For that reason my Bias is bullish and I will look for buying opportunities mostly.

There are certain Higher time frame levels that I am watching closely which you will find on the chart.

Trade what you see, manage the risk.

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vikinsa

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