Did an analysis on NASDAQ too this week, looks like it is bouncing off a nice support trendline at the moment.
I expect it to inch higher this week to complete this bat pattern.
When the bat completes, I will then look at other indicators to give me a clue on whether to short it, but right now, it is looking bullish.
Short term traders can consider going long from current levels towards 11000.
Good luck and good trading!
I expect it to inch higher this week to complete this bat pattern.
When the bat completes, I will then look at other indicators to give me a clue on whether to short it, but right now, it is looking bullish.
Short term traders can consider going long from current levels towards 11000.
Good luck and good trading!
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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.