Nasdaq the channel/tl resistance level

Updated

The Nasdaq is again going to face an important and a very old tl/ channel resistance level a reason of this sudden strong move, will add monthly and weekly levels in the comment section also the 12M levels

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a possibility

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testing a resistance level is not always a chance of big fall it is a possibility only ,price created many support levels during the movement , price might consolidate here being a rising tl, still close above the previous low , or might break it, so a caution point for me

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already Oct' 2013-Aug' 2015 was a rising consolidation zone

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also Jan'2018 to Oct'2018

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closed above day line

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still trying to beat the weekly tl possibility that it will test the higher tls but not very sure

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4H level

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a possibility

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tradingview.com/x/Ciw7lxWk/😊

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lets c if able to hold this tl

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followed the pattern

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😊

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so almost reaching the tl

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finally but tl was avoided by gap up

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omvats1

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