Nasdaq Scenario For Today Or This Week
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Nasdaq has been bouncing in a downward channel, but it reached a big support zone.
Right now we see that nasdaq has created a posible double bottom which -if it does play out-
will break the channel and will go up to around ~11530.
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We have to keep in mind that this week carries extra risk with the election etc. so this can go either way,
if it doesn't break the channel then just ride it down again.
╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳
It is risky to trade this week so only trade the amount you're willing to lose.
Past performance is not an indicator of future results
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Let me know your thoughts and questions, give a thumbs up if you like this idea and follow for more.
╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳
ScenarioPainter
╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳
Nasdaq has been bouncing in a downward channel, but it reached a big support zone.
Right now we see that nasdaq has created a posible double bottom which -if it does play out-
will break the channel and will go up to around ~11530.
╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳
We have to keep in mind that this week carries extra risk with the election etc. so this can go either way,
if it doesn't break the channel then just ride it down again.
╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳
It is risky to trade this week so only trade the amount you're willing to lose.
Past performance is not an indicator of future results
╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳
Let me know your thoughts and questions, give a thumbs up if you like this idea and follow for more.
╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳—╳
ScenarioPainter