Updated
Downtrend of Nasdaq will continue
The chart created the nearly strong bearish candle in the monthly time frame which shows that the downtrend still will continue. In addition, MACD and RSI show a -RD which means that there is not any strong buyer to draw price to higher prices.
there is the same condition for the weekly timeframe. Thereby, I expect that the chart see13.000$ at the first step.
there is the same condition for the weekly timeframe. Thereby, I expect that the chart see13.000$ at the first step.
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According to news about Russia war, and price action in weekly timeframe, it will see lower prices
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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.