Nasdaq is currently testing support on the daily chart as it attempts to recover.
As you can see, there is a higher low put in on the 14th of February at 14029. If this is taken out, then we'll likely see a retest of the January lows. The Doji from the 14th followed by the green bullish bar that started at 14250 shows that the 14250 level is important, and if buyers want to continue this recovery, they need this current level at 14250 to hold and the very least the higher low at 14029.
As you can see, there is a higher low put in on the 14th of February at 14029. If this is taken out, then we'll likely see a retest of the January lows. The Doji from the 14th followed by the green bullish bar that started at 14250 shows that the 14250 level is important, and if buyers want to continue this recovery, they need this current level at 14250 to hold and the very least the higher low at 14029.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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.