nas100 analysis (08 aug - 13 aug)
nasdaq has been in an uptrend for just over a month now so the chances of it continuing with this trend are highly likely and as seen by my analysis...
1. on the daily it broke above the downward trendline
2. market retested both the trendline and broken resistance on friday
3. entries can be taken if prices comes back down to the support level or if it breaks the daily resistance
possible that market can just turn bearish but i will wait and see what happens on the next trading day but my current bias is bullish
1. on the daily it broke above the downward trendline
2. market retested both the trendline and broken resistance on friday
3. entries can be taken if prices comes back down to the support level or if it breaks the daily resistance
possible that market can just turn bearish but i will wait and see what happens on the next trading day but my current bias is bullish
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