100 NDQ
100 NDQ
Retracement of the rise from March'20 low to the peak formed in Nov'21
can be seen in the chart.
61.8% retracement tested.
Positive divergence on RSI has been created but
lagging in no way right now to confirm a possible reversal.
Swing bottom process need to happen before lagging confirms its.
Lagging has negative slopes therefore need to spend time in compression
before lagging start giving indication of up move.
The lower top is at 11661.
Earlier indication of reversal is on breakout above 11661
to resume swing bottom process and confirmation.
Lagging will take part later to confirm.
Any reversal will be a pullback of the fall from the last
swing top of 13720.
Trend is down still and earlier bottom of 11037 violated.
Down move can continue if sustains below 10440.
