How to Use the Williams Alligator to Trade NASDAQ: Bearish
The NASDAQ index is currently showing bearish signals with the Williams Alligator indicator. The Alligator consists of three moving averages, and when the green line (jaw) is below the red (teeth) and blue (lips) lines, it indicates a downtrend. This confirms the bearish outlook for the NASDAQ.
Looking at the 4-hour chart, the resistance level is at 12922, which indicates a potential price level that the index may struggle to break above. On the other hand, the support level is at 12727, which is the potential price level where the index may find support and bounce back up.
There is also an imbalance candle to the downaisw to be mindful about around 29mar
Looking at the 4-hour chart, the resistance level is at 12922, which indicates a potential price level that the index may struggle to break above. On the other hand, the support level is at 12727, which is the potential price level where the index may find support and bounce back up.
There is also an imbalance candle to the downaisw to be mindful about around 29mar