NASDAQ after re-testing its ATH countered a profit booking in the last week, Indian markets also remained volatile looking for directions from global markets
Now that NASDAQ has broken its trend line, support zone and expected to fall at least for a couple of days, How would Indian markets react
the movement of NASDAQ happens outside of Indian trading...
After a 3 wave correction the nasdaq composite managed to move up in what even I thought maybe 3 corrective. But maybe it is a leading diagonal and that changes everything. We have extensions long term and a new impulse wave up in wave 3 of 3 started for the Nasdaq. Then it changes the entire perspective for stocks. Bullish gaps as of now typical with 3rd waves
Tesla has been trading below 200 MA for good period of time & has formed Bearish Pennant price action pattern which indicates a Bearish continuation trend signal. Using Fibonacci we also plotted that, Tesla is not able to break its 50% retracement level which infact is exactly at the price level where 200MA is standing. It’s a double & strong reversal sign. Also...
Let see how the resistance gap is tested and crossed.
If the breakout above the gap is sucessful then expect rise to test
extended to the upper channel line and the peak.
Attempt to test the gap could be tested.
Its been quite a volatile last few days - too may GAP UP / GAP DOWN , decisive bars but still no clarity on direction. Let us look at global markets to understand this in a better way
Dollar Index on important levels - can breakout or breakdown - chances of breakout quite high
US treasure bonds rising again -...
Live Challenging Market Analysis Buy TESLA @ 511.12
Target @ 780.37
Entry 2 @ 333.72
Target Buy 1 & 2 @ 511.12
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Nasdaq 100 E Mini Futures
Resistance is at 13600.
Further rise is above 13600.
If sustains above 13600 then expect a rise towards
15346 in due course of time.
Indicator like RSI showing negative divergence
therefore breakout and close above 13600 is
essential for further near term rise, based on hourly
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I will begin NASDAQ ZeroMarket US100 Chart Analysis for December 21th .