The Nasdaq shows a significant rise in today's trading session. At the time of writing, the index has gained 460 points from the January 5th low. I've drawn two Fibonacci retracements to identify two potential areas: a bounce at the 0.62 Fibonacci level, illustrated in the chart, and a possible price reaction. Mainly, I expect a decline in the index tomorrow in anticipation of U.S. economic data. Wishing everyone successful trading.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.