Trend:
Daily/Weekly/Monthly: Down/Down/Mixed
Very bearish weekly candle last week. #NDX is weak but at important support, which held on Friday.
3 possible scenarios:
1) Break of 12678, target 12427 and further 12097
2) As long as 12678 holds, look for longs, targeting 13335, which is a strong R. If we break this R, look for move to 13559-13607 zone.
3) 12678 holds and we target 13335. Rejection off 13335, for a move back lower to 12427
IMO, scenario 3 is most likely.
Daily/Weekly/Monthly: Down/Down/Mixed
Very bearish weekly candle last week. #NDX is weak but at important support, which held on Friday.
3 possible scenarios:
1) Break of 12678, target 12427 and further 12097
2) As long as 12678 holds, look for longs, targeting 13335, which is a strong R. If we break this R, look for move to 13559-13607 zone.
3) 12678 holds and we target 13335. Rejection off 13335, for a move back lower to 12427
IMO, scenario 3 is most likely.
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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.
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.