Nasdaq Descending Triangle Pattern: Key Support & Resistance Levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The daily chart for USATECH.IDX/USD displays a classic Descending Triangle consolidated below a potential Head and Shoulders distribution top, signaling increased selling pressure along the descending trendline while price tests critical horizontal support around 28,929 – 28,500.





Pattern Structure: Lower highs formed since the early-June peak connect along a light blue descending resistance line, pressing price directly into the flat 28,500 support base.

Bearish Signal: A daily candle close below 28,500 confirms a downward breakout, targeting the mid-May swing low around 27,750.

Bullish Signal: Breaking out above the descending trendline and clearing 29,500 invalidates the triangle and re-opens a test toward 30,300.

Actual Topics

To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.