NDX has a lot going for it and plenty of lifechanging money to be made. As you can see whether you draw a bear flag that is still valid or a large Triangle (also valid) there is an amazing opportunity for profit.
Firth thing to notice other than this triangle is the weakness creeping in at the retest of weekly resistance above. MA angles are starting to cross down and a clear indication of a false breakout is signaling on the CCI.
Keeping in mind that not only on the Futures charts but also on the indexes we have quite a few long distance gaps left open, most notable at 18,300.
Whichever way this triangle breaks, the move will be massive.
Hang on to your butts..
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All opinions while deemed valid by its operators and shared on this board are not financial advice and are primarily for Entertainment Purposes.
Disclaimer
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.