The price is moving downward inside a falling channel (marked by two blue parallel lines).
This means NASDAQ has been in a controlled downtrend, making lower highs and lower lows.
The price is currently around 21,128, and it has bounced after hitting the lower boundary of the channel.
Multiple moving averages (red, green, magenta) are above the price, acting as resistance and confirming a bearish environment for now.
This means NASDAQ has been in a controlled downtrend, making lower highs and lower lows.
The price is currently around 21,128, and it has bounced after hitting the lower boundary of the channel.
Multiple moving averages (red, green, magenta) are above the price, acting as resistance and confirming a bearish environment for now.
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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.