WHAT NOW FOR NASDAQ
Good day you Great traders i am Gladly back serving you only the best of trading insights here's what I anticipate this wonderful day
Weekly we have been successfully creating lower highs and lower lows shockingly since 21 Dec 2022
Daily we got to things that happened past 2 days:
1. We have rejection and retracement up yesterday note it didn't reject a major support level or anything we just retraced up
2. Today e continued the up push towards the currently again 5 touch resistance level at price level 12800-13300
So confusing to take a decision while the daily and weekly saying two different so into the h4 going in there we checking the movement
H4 momentum to the upside is weak but we have been for the last 32hrs we have been pushing up and furthermore broke a down warding trendline connecting three touches from 13504 price range to 12077 that a resistance trendline holding over 154 528 Pips pushing down we broke it slowly today
H1 likewise we just formed a new higher high and right New York session we made a new higher low after rejecting a ranging area support
so, Information aside what now? I am still bearish biased on this market due to the weekly still being so and the fact that we are pushing up on the hour timeframes with 6 (h40 candlestick the distance the market took to move 1 day to move down tells me the bears ant's done but should create new high on the daily which will be at 12800 spot then I will change my biased be sure to comment below God bless till we meet again
Weekly we have been successfully creating lower highs and lower lows shockingly since 21 Dec 2022
Daily we got to things that happened past 2 days:
1. We have rejection and retracement up yesterday note it didn't reject a major support level or anything we just retraced up
2. Today e continued the up push towards the currently again 5 touch resistance level at price level 12800-13300
So confusing to take a decision while the daily and weekly saying two different so into the h4 going in there we checking the movement
H4 momentum to the upside is weak but we have been for the last 32hrs we have been pushing up and furthermore broke a down warding trendline connecting three touches from 13504 price range to 12077 that a resistance trendline holding over 154 528 Pips pushing down we broke it slowly today
H1 likewise we just formed a new higher high and right New York session we made a new higher low after rejecting a ranging area support
so, Information aside what now? I am still bearish biased on this market due to the weekly still being so and the fact that we are pushing up on the hour timeframes with 6 (h40 candlestick the distance the market took to move 1 day to move down tells me the bears ant's done but should create new high on the daily which will be at 12800 spot then I will change my biased be sure to comment below God bless till we meet again
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