NASDAQ rebound may occur soon
While the price of the NASDAQ continues to fall, increasingly clear divergences are building up:
H4 shows a clear bullish divergence in the Cumulative Delta and an even clearer bullish divergence in the RSI. The RSI and its moving average are clearly pointing upwards.
In our view, it is only a matter of time until the short starts a massive rebound.
This setup offers an exceptionally good RRR of more than 3.2:1.
H4 shows a clear bullish divergence in the Cumulative Delta and an even clearer bullish divergence in the RSI. The RSI and its moving average are clearly pointing upwards.
In our view, it is only a matter of time until the short starts a massive rebound.
This setup offers an exceptionally good RRR of more than 3.2:1.
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.