Nasdaq - This Can Still Be A Fakeout!

Nasdaq (NDQ) is starting to slow down:

Click chart above to see the detailed analysis👆🏻

A couple of months ago, the Nasdaq perfectly broke above the channel resistance trendline again, attempting the creation of another parabolic rally. However bulls are not flexing their muscles properly so this breakout attempt could still turn into a devastating fakeout.

Levels to watch: $20.000, $17.000, $30.000

Keep your long term vision,
Philip (BasicTrading)

交易進行

Trading update on Nasdaq (NDQ):

Click chart above to see the detailed analysis👆🏻

Well over the past couple of weeks, we were perfectly able to witness that bulls are not able to create another new all time high on all major U.S. stock market indices. However there was also no bearish confirmation on the smaller timeframes yet, so either move is still 100% possible.

Levels to watch: $20.000, $17.000, $30.000

Keep your long term vision,
Philip (BasicTrading)

交易結束：目標達成

Trading update on Nasdaq (NDQ):

Click chart above to see the detailed analysis👆🏻

It is still not 100% certain as to what will happen next to these major tech stocks, respectively the Nasdaq. However since bulls are currently preventing a fakeout rejection, a significant move towards the upside becomes more and more possible. In the end we just have to be patient now.

Levels to watch: $20.000, $17.000, $30.000

Keep your long term vision,
Philip (BasicTrading)