Break and Retest of Range on NASDAQ Indicates Direction on Daily
NQ has had multiple big panic days where it trades unusually and fearfully. The open and close of these days become a target if NQ trades within the range formed by that day for a period of time. Often those levels are precisely tested before the next move.
I will be looking for a precise retest of the December 18th open to indicate a move higher, likely through new highs on NQ. I expect that day will be a massive positive day.
I will be looking for a precise retest of the December 18th open to indicate a move higher, likely through new highs on NQ. I expect that day will be a massive positive day.
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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.