Nasdaq has been on a very strong 1W Channel Up since the December low rising non-stop with a few -2% - 3% pull backs along the way. With 1D approaching the overbought territory (RSI = 66.984, STOCHRSI = 99.464, Williams = -13.166, MACD = 117.170, Highs/Lows = 51.8085) a strong sell signal emerges at 7,225. As seen on the chart the rejection levels are roughly where the symmetrical Lower Highs were during last year's correction. Once the rejection takes place our TP will be 7,075.
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.