Nasdaq Long / Short levels
Earlier we mentioned the support levels when we saw breakdown from the Rising Wedge but now it has formed an ascending triangle too (black lines). If you refer the previous view (link mentioned below) you can see price reversed from our reversal levels.
Short only if stays below resistance (black line) 15009 then consider it as retest and continuing the fall. Hence follow the red path drawn for lower targets of 14600.
Long once we break the resistance. Follow the green path for upper levels 15200/15350
Short only if stays below resistance (black line) 15009 then consider it as retest and continuing the fall. Hence follow the red path drawn for lower targets of 14600.
Long once we break the resistance. Follow the green path for upper levels 15200/15350
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Related publications
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.