Nasdaq may face resistance at the upper trend line and one can take the sell Trade in that zone for lower targets.
To motivate me, Please like the idea If you agree with the analysis.
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As per the chart, SGX Nifty is showing a Head & Shoulder Pattern on its hourly charts.
Breakout is awaited.
Once a valid Breakout comes above the level of 13800, we may see SGX Nifty go to the levels of 14000 - 14100.
As of now one can keep it on his radar, and wait for the breakout to enter into the trade.
The US benchmark index Dow Jones has formed a Flag pattern along with a Rising Wedge pattern.
With both the patterns happening at the same time one should stay neutral and wait for breakout above or below the wedge pattern,
to get confirmation of the next move. Though the overall trend is still bullish but in the current scenario, its prudent to have...
The US benchmark index has given a rounding pattern breakout on hourly chart.
Though the breakout was given just an hour before market close on 4th Dec 2020, but today's gap up has continued the upside.
As per the bullish breakout of the pattern, dow jones can touch app 30850 - 31000.
And as per the current chart scenario one can buy with a stop loss below...
These are my thoughts on the NASDAQ
Double correction into WAVE 5
WAVE 5 will reach the 100 FIB by chance around the time of the Election
It doesn't matter who wins, the NASDAQ will head lower for a deeper
RUNNING FLAT correction of the March 3rd LOWS