NASDAQ WHAT I THINK OF THIS BEARS
On the weekly we are faced with a shooting star which got a rejection at 12250 and opened lower. If by next week that rejection is still there, it means more bears and we definitely have an aim at next support level which is 11500. 11600 gets broken, 11500 should be considered a next target for this bears.
Circling the weekly pinbar and previous confirms the daily evening star and dark cloud cover which formed.
Those circles on the 4hr chart gives the triple top rejections gotten from. channel rejections giving room for more bearish confluences.
On the positive side, if 11600 gets rejected we would need confluences for the bulls to confirm a comeback and 11800-12000 is that mark for those guys.
Circling the weekly pinbar and previous confirms the daily evening star and dark cloud cover which formed.
Those circles on the 4hr chart gives the triple top rejections gotten from. channel rejections giving room for more bearish confluences.
On the positive side, if 11600 gets rejected we would need confluences for the bulls to confirm a comeback and 11800-12000 is that mark for those guys.
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