How I see it:
Nasdaq did break out of 4Hr trend.
Convincingly enough, I'm not so sure?
If you look at the bigger picture, there is a lot of traffic upwards.
Now key resistance @ 19960.00
Potential " LONG" Target -
TP 1 = 20305.00
(The 38.20% FIB retracement on the complete 4HR bearish trend)
Potential " SHORT" Targets -
TP 1 = 19112.00
TP 2 = 18295.00
Keynote:
As previously mentioned, now you can see why I'm not even considering a
"Bullish Reversal" under 21000.00
Thank you for taking the time to study my analysis.
Nasdaq did break out of 4Hr trend.
Convincingly enough, I'm not so sure?
If you look at the bigger picture, there is a lot of traffic upwards.
Now key resistance @ 19960.00
Potential " LONG" Target -
TP 1 = 20305.00
(The 38.20% FIB retracement on the complete 4HR bearish trend)
Potential " SHORT" Targets -
TP 1 = 19112.00
TP 2 = 18295.00
Keynote:
As previously mentioned, now you can see why I'm not even considering a
"Bullish Reversal" under 21000.00
Thank you for taking the time to study my analysis.
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