NASDAQ Analysis
Updated
There is extreme pessimism with respect to Nasdaq and US IT Tech companies and they have corrected heavily from top. It looks like that NDQ is making a double bottom formation on weekly tf at fibo golden ration i.e. 61.8% retracement from Covid low to ATH.
There is also a formation of falling wedge pattern which is visible potentially and risk is to reward looks good to accumulate Nasdaq here for long term bet.
There is also a formation of falling wedge pattern which is visible potentially and risk is to reward looks good to accumulate Nasdaq here for long term bet.
Trade active
Going good so far.Note
I don't see any major change in setup and still going good so far...even with all the news flowNote
Keep a watch on the levels marked in the chart Note
Going good so far Note
Nasdaq going stronger and stronger Note
Nasdaq 20% up since this analysis Note
Nasdaq weekly closing above 14K !!
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