Nasdaq is on a really impressive run, gaining over 80% in less than 2 years/
As with all good things, they must come to an end... for a short period of time atleast = correction.
This diagonal is a typical pattern for a reversal. Unlikely that we'll see a big reversal so it could be just a bearish correction for the next move higher. We have some structure levels present where we'll be reviewing what comes next once we reach them.
Trade Idea:
- Watch for signs of bearish reversal
- Our confirmation will be the break of the red trendline
- Once broken, enter with stops above the highs
- Targets: 17k, 14k, 11k
It's unlikely that we'll reach 11k so do actively manage your positions if entering shorts.
Goodluck and as always, trade safe!
As with all good things, they must come to an end... for a short period of time atleast = correction.
This diagonal is a typical pattern for a reversal. Unlikely that we'll see a big reversal so it could be just a bearish correction for the next move higher. We have some structure levels present where we'll be reviewing what comes next once we reach them.
Trade Idea:
- Watch for signs of bearish reversal
- Our confirmation will be the break of the red trendline
- Once broken, enter with stops above the highs
- Targets: 17k, 14k, 11k
It's unlikely that we'll reach 11k so do actively manage your positions if entering shorts.
Goodluck and as always, trade safe!
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。