NASDAQ [Wait before trading!]: The 2 scenarios explained
At the moment, it's quite simple, the NASDAQ got out of the bearish channels (purple lines) yesterday and is looking for a direction
Bullish: the 1h chart closes above the yellow line
Bearish: the 1h char closes below 12709.
Personnaly, I cashed in the few positions I had left yesterday at the top. I am thus 100% in cash at the moment until the market direction will get clearer (today or monday).
Good luck with your trades!
This is not investment advice, just technical analysis.
Bullish: the 1h chart closes above the yellow line
Bearish: the 1h char closes below 12709.
Personnaly, I cashed in the few positions I had left yesterday at the top. I am thus 100% in cash at the moment until the market direction will get clearer (today or monday).
Good luck with your trades!
This is not investment advice, just technical analysis.
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.
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.