NDX: retracement expected from beginning of next week
A new weekly upward cycle is about to start as the previous one has almost finished its time. From Monday we have 10/11 chances to see a retracement.
We will gauge the strength of the downtrend to understand if algos want to close even a t+2 (28 days by now out of 44).
In that case we expect AT LEAST 3 days (e.g. red candles) of downtrend.
We will gauge the strength of the downtrend to understand if algos want to close even a t+2 (28 days by now out of 44).
In that case we expect AT LEAST 3 days (e.g. red candles) of downtrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.