Nasdaq futures settle again above the resistance it had closed above last week.
Price action has retested the area of which should now be considered support.
As long as that structure holds, this COUNTERTREND trade could still transpire.
If price settles below the support structure, this would be considered a false breakout.
I've adjusted support and resistance channels for your reference.
Price action has retested the area of which should now be considered support.
As long as that structure holds, this COUNTERTREND trade could still transpire.
If price settles below the support structure, this would be considered a false breakout.
I've adjusted support and resistance channels for your reference.
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