A Price Action Descending Triangle pattern formation on the 4 Hour time frame chart supports Nasdaq Bearish bias. A break of 12276.80 will support the fall towards the target of 12030.35 the break of 12030.35 would push the price to 11866.05.
SUPPORT AND RESISTANCE LEVELS
- Pivot Point 16081.23
- Support S1: 16068.36, S2: 16059.63 , S3: 16046.76
- Resistance R1: 16089.96 , R2: 16102.83 , R3: 16111.56
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