Long
Nasdaq Short Term Overview ( Bullish-Setup )
Spotted a nice expanding channel which can show up a nice bullish correction on this bearish trend. The highlighted support remains stronger and holding bearish pressure. If we can see a decent buying interest and a breakout on the upper boundary of this channel formed, then we have a high chances of seeing a nice reversal based on the structure towards the highlighted target.
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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.