Best Zones For Nasdaq.

Jul 16, 2022

Nasdaq is trading within the orange triangle, thus selling the top and buying the bottom until we see a breakout would be the smartest move short term. If we manage to break upwards, the red horizontal line around 12900 area would be good opportunity to sell. The highest probability setup is shorting when the price reaches the red trend line and predict the third top for Nasdaq. The best zone for bulls was the green trend lines where we can see a clear rejection as we can see the price respecting the downtrend channel. Waiting for a new low around these trend lines and in the green rectangle would be the best buying opportunity.