My Nasdaq outlook for today, if you have questions please ask them and if you take this trade let me know the results!
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Nasdaq has been bouncing in a channel for the past weeks and it was/is consolidating.
To me we have 3 possible scenario's:
1. Nasdaq will have a slight pullback to the lower border of the channel before going up to ~12000.
2. Nasdaq will go up to ~12000 if it break out of consolidation (today).
3. Nasdaq will break out of the lower border of the channel and will have a push downwards to ~10750.
Look for clear confirmation and watch out for possible fake outs.
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Let me know your thoughts and please give a thumbs up if you like this idea and follow me for more ideas related to Gold and indices.
As always use good risk management. This isn't a sprint , it's a marathon.
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Nasdaq has been bouncing in a channel for the past weeks and it was/is consolidating.
To me we have 3 possible scenario's:
1. Nasdaq will have a slight pullback to the lower border of the channel before going up to ~12000.
2. Nasdaq will go up to ~12000 if it break out of consolidation (today).
3. Nasdaq will break out of the lower border of the channel and will have a push downwards to ~10750.
Look for clear confirmation and watch out for possible fake outs.
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Let me know your thoughts and please give a thumbs up if you like this idea and follow me for more ideas related to Gold and indices.
As always use good risk management. This isn't a sprint , it's a marathon.