NASDAQ
Friday, 4 November 2022
13:33 PM (WIB)
Nasdaq is in a stronger bearish market control where the closest to the price is MA200.
The intention to move downward was so strong that could be seen from the golden cross that got knockdown.
The bulls failed to break out from the huge falling wedge. Seems a bearish market wants to sell off until the price hit around 9.000 Points.
Although there is a space for the buyer to boost the price up to 78.6% Weekly, that is too risky for that decision.
The price itself is currently at 61.8% F of Monthly, so the chart shows a bullish warriors’ movement.
These bullish movements would open the possibility for the price to take control of the golden cross.
But once more, the golden cross stands at the top of resistance from bearish market control.
So, I prefer to wait for the next bearish movement to take control of 10.200 Points.
From this area, I can see there would be forming the Bullish Belt Hold Inside a Huge Falling Wedge.
Nasdaq is on Bearish Ichimoku Cloud.
13:33 PM (WIB)
Nasdaq is in a stronger bearish market control where the closest to the price is MA200.
The intention to move downward was so strong that could be seen from the golden cross that got knockdown.
The bulls failed to break out from the huge falling wedge. Seems a bearish market wants to sell off until the price hit around 9.000 Points.
Although there is a space for the buyer to boost the price up to 78.6% Weekly, that is too risky for that decision.
The price itself is currently at 61.8% F of Monthly, so the chart shows a bullish warriors’ movement.
These bullish movements would open the possibility for the price to take control of the golden cross.
But once more, the golden cross stands at the top of resistance from bearish market control.
So, I prefer to wait for the next bearish movement to take control of 10.200 Points.
From this area, I can see there would be forming the Bullish Belt Hold Inside a Huge Falling Wedge.
Nasdaq is on Bearish Ichimoku Cloud.
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