Short
NASDAQ DROP INCOMING
NASDAQ has 8 confirmations
On the daily:
-Nasdaq has touched the last high and formed another top.
-Nasdaq has also reached the top of the daily trend line.
-Daily trendline is forming a wedge
On the 4H timeframe:
-Price is consolidating at the high and losing momentum
-Market is still within zones of reversals
On the 1H timeframe:
-More price consolidation
-A smaller rising wedge is occuring
On 30Min timeframe:
-I'll be looking for a breakout and retest from the wedge
This is not 100% guarrenteed as this analysis is purely technical trading and has not been researched with fundimentals in mind. If it wins, it would be a nice swing trade. If not, close as soon as price breaks above resistance 13445
On the daily:
-Nasdaq has touched the last high and formed another top.
-Nasdaq has also reached the top of the daily trend line.
-Daily trendline is forming a wedge
On the 4H timeframe:
-Price is consolidating at the high and losing momentum
-Market is still within zones of reversals
On the 1H timeframe:
-More price consolidation
-A smaller rising wedge is occuring
On 30Min timeframe:
-I'll be looking for a breakout and retest from the wedge
This is not 100% guarrenteed as this analysis is purely technical trading and has not been researched with fundimentals in mind. If it wins, it would be a nice swing trade. If not, close as soon as price breaks above resistance 13445
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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.
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.