The Nasdaq price looks like is bouncing back into the major support level. If you are looking for a long position I would suggest one waits for price to bounce back in the weekly downtrend channel and break above the 4H downtrend channel and major support level before taking a long trade.
If you are looking for a short position price is trading in the 4H downtrend channel and fall below the weekly downtrend. Nasdaq might be retesting the major support zone turning it into major resistance. Switch to smaller to look for confirmation.
We cant deny how bearish the markets is
If you are looking for a short position price is trading in the 4H downtrend channel and fall below the weekly downtrend. Nasdaq might be retesting the major support zone turning it into major resistance. Switch to smaller to look for confirmation.
We cant deny how bearish the markets is
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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.