Resolution - 4 Hours
Probable Fake Breakdown Reversal Alert.
One can plan an entry at the current price, with a stop loss of around $11040.
Target - Open (or trail with 50DEMA, since it has reclaimed it today)
On Sep 4, 2020, the first day after massive fall, Nasdaq touched the lows of 11,146 (5.3% low from the previous day closing), the low price however faced rejection and market closed at 11,622.10, down by 1.27%. The close was at the support line connecting the pre-COVID fall highs on Feb 19 with the lows of Aug 21 (Shown as B line in charts). Traders and analysts...
I hope you can now see how NDX represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
I hope you can now see how NDX represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
NASDAQ has clearly done mass psychology and got everybody at the wrong side of the market making people think it is going to continue long.
But the pattern it formed was a rising wedge pattern which was clearly a reversal in trend.
Now price has formed a bear flag pattern hence looking to enter short
