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...
NASDAQ:NDX may try to create #wpattern or double bottom on daily / hourly time frames at important support zone of daily time frame, if it breaks below the support level, we can achieve the expected downside targets soon.
Nasdaq 100 buy now @ 10998
Stop loss 10500
Target 12500
Trade based on correction of down trend so price should do correction upto 12500 level then it will go down otherwise if trend reversel then i will update in next analysis
i think it makes no sense.but one day this quotes will makes sense...
“Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.”
Yvan Byeajee prophecied.
JUst believe......
Markings are on chart. Based on Fibonacci. I think 4th is going on. Consolidation is the characteristic of 4th wave. Correction can be 38.2-50% of 3rd wave. In worst case scenario, it can be 61.8% . It should not touch high of 1st in any case.
