Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective, the nasdaq recently had a very bullish breakout, breaking above a long term downtrend line and also confirming a weekly double bottom.
Hence I am now just waiting for a deep retest of the neckline of the double bottom before I think that we will start the next bull market from here.
On the daily timeframe we already bounced of the support zone once, showing that there is definitely some buying pressure, so I am now just waiting for a second retest before we will then see the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://tradingview.sweetlogin.com/chart/NAS100/CMrMm9hl-Nasdaq-It-Is-Confirmed/
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective, the nasdaq recently had a very bullish breakout, breaking above a long term downtrend line and also confirming a weekly double bottom.
Hence I am now just waiting for a deep retest of the neckline of the double bottom before I think that we will start the next bull market from here.
On the daily timeframe we already bounced of the support zone once, showing that there is definitely some buying pressure, so I am now just waiting for a second retest before we will then see the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://tradingview.sweetlogin.com/chart/NAS100/CMrMm9hl-Nasdaq-It-Is-Confirmed/
Philip - Swing Trader
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
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.
Philip - Swing Trader
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
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.