Nasdaq has broken its all time high of 18500 on march 24. It is currently trading above it but does
momentum supports new high?
As far as volume is concern. There is bearish divergence on volumes. Volumes are on lower sides on this breakout raises eyes on bull trap.
We have another harmonic pattern is forming which supports 18800 to be the reversal points. Making this breakout as fakeout on daily timeframe.
We expect NASDAQ to fall to atleast 18100 level first where analysis will be done once again to carry out next move.
What do you think of its next move?
momentum supports new high?
As far as volume is concern. There is bearish divergence on volumes. Volumes are on lower sides on this breakout raises eyes on bull trap.
We have another harmonic pattern is forming which supports 18800 to be the reversal points. Making this breakout as fakeout on daily timeframe.
We expect NASDAQ to fall to atleast 18100 level first where analysis will be done once again to carry out next move.
What do you think of its next move?
