Huge selling in NASDAQ after Big upsideNasdaq may face resistance around 20100-20500
Nasdaq is up almost 100% from 2023 lows
And there are 3 channels are working in Nasdaq
One medium term channel is working from 2020 and other 2 channels are short term
With the price action there is Weekly RSI that also around the resistance levels.
So be caution around these levels.
Thank you !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
Nasdaqshort
NASDAQThe NASDAQ appears to be following Elliott Wave Theory, where it's currently situated in what's projected to be Wave 5 of Primary Degree. Within this wave, it's believed to be in Wave 3, which typically signifies a strong upward movement in prices we are seeing now.
This suggests that we may see a bit more upward momentum in the NASDAQ before a correction phase begins. The expected correction is anticipated to be quite substantial, potentially leading to a range of 13,000 to 12,500. This correction would encompass the entire Primary Degree, marking a significant and extended market trend reversal.
Bearish Harmonics In NasdaqBearish Shark
Sell PRZ - 14625/14791
SL - 15275
Target - 13125/12600
If Breaks 15275
Bearish Alt Shark
Sell PRZ - 15765/15826
SL - 16400
Target - 13765/13100
IXIC (June 15, 2021) SignalsCould be an end of Bull Run?
Indicators are Recommending the Price Action to move Down.
IXIC is getting extreme momentum which is too dangerous for Nasdaq at this level.
Sudden Increase in Volume, Volatility, Momentum, Liquidity is dangerous for NASAQ health.
RSI is Almost at an Overbought level.
Stochastic RSI is at Overbought Level.
CCI is on its way ahead to crack the overbought level.
Extremely Bearish Strength for June 15, 2021. NASDAQ:IXIC
Expecting a 53 Points Down from the Opening.
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NASDAQ COMPOSITE (Signals) [June 14]IXIC to the Ground
IXIC is making a Momentum to maintain the Volatility
Candle Stick patterns shows that there are more buyers in the market. Large Body Candles.
There are some levels marked in the chart.
These levels are considered as Pivot Points and S&R.
14,072 and 14,009 and 14,016 and 14,048. The Crucial Levels for June 14 mark it on your chart.
The Overall Strength is Bearish.
Expecting a +17 Points Up from the Opening and -39 Points Down from +17 Points.
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