3:34 PM · 12 October 2020

📈 US100 breaks above 12 000 pts✔

Nasdaq (US100) breaks above the 12,000 mark, gaining nearly 2.5%. The index is thus at the highest level since September 3 and is about 3.6% below the historical highs from the beginning of the previous month. Additionally, it is worth noting that we can observe the breakout above the neckline of a potential reverese Head and Shoulders pattern. The extent of this formation indicates the possibility of establishing new historical highs.

US100 rose almost 2.5%. We are also seeing a breakout from a potential reverse head and shoulders formation. Source: xStation5

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