Timeframe: Weekly
Method: Price Patterns (Proprietary)
Analysis: This is a Bearish Scenario for Nasdaq. There is cross between the two main trendlines that are draw in this chart. In the last week we have seen a strong rejection of 15000-15100, from a strong bullish pattern of the last week of trading. If we are looking for a berish trend, the next levels are 13800 and then 12400 (-25% from the all time highs). This scenario is strictly linked to the monthly chart, where we have a bearish pattern.
Target 1: 13800
Target 2: 12400
Method: Price Patterns (Proprietary)
Analysis: This is a Bearish Scenario for Nasdaq. There is cross between the two main trendlines that are draw in this chart. In the last week we have seen a strong rejection of 15000-15100, from a strong bullish pattern of the last week of trading. If we are looking for a berish trend, the next levels are 13800 and then 12400 (-25% from the all time highs). This scenario is strictly linked to the monthly chart, where we have a bearish pattern.
Target 1: 13800
Target 2: 12400
Trade active
Target 1 reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.