nasdaq created a new high which i really can’t tell if it has stopped but once i get a new high, i can wait for three types of pullbacks as usual.
first a small pull a break of the 78% - 61% and brc
second a medium pull a break of 61% - 50% and brc too.
lastly, the large pull which is a break of the 50% - 38%.
Note: at every pull there can be a bounce of that level for a bullish continuation so other confluences will definitely come to play which i will wait for.
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first a small pull a break of the 78% - 61% and brc
second a medium pull a break of 61% - 50% and brc too.
lastly, the large pull which is a break of the 50% - 38%.
Note: at every pull there can be a bounce of that level for a bullish continuation so other confluences will definitely come to play which i will wait for.
if you loved my idea, leave a like, comment and follow me for more.
Note
Nasdaq got the 61% medium pullback and bounced off that level. now I'm waiting for either a new high or rejection.
Note
new higher formed with a pullback towards the 78% still waiting for the brc of this level to backup my plan.
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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.