The election week was a strong one for Nasdaq, with the price rising and managing to close above 12k.
Now the index is facing resistance and a strong sell zone so we can see the price rolling back to 11k.
On the other hand, a daily close above the previous top would put bulls in control and we can see the technology index making new all-time highs.
That being said, I will look to sell with a tight SL and a 11k target which can have a 1:5 R:R
Now the index is facing resistance and a strong sell zone so we can see the price rolling back to 11k.
On the other hand, a daily close above the previous top would put bulls in control and we can see the technology index making new all-time highs.
That being said, I will look to sell with a tight SL and a 11k target which can have a 1:5 R:R
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.