NAS100 is hovering near all-time highs. While a retest of the weekly trendline remains likely, this idea aims to ride the current bullish momentum. The plan anticipates a short-term pullback to recent lows to potentially form a head and shoulders pattern before a move lower toward the weekly trendline. This is a high-risk setup I’d typically avoid, but the strong bullish weekly close adds some weight. Two entries provided - one with a tighter TP for a quicker reaction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.