Hi Everyone. Nasdaq is currently approaching 12656 zone where price had come only last week at new high. The market will either break this new resistance pushing price higher or respect it and let the bears right back in. If we get a break, our next new target for bulls will be 12821 according to the channel, as we are still in a upward channel and it has respected it so far very well. However if we fail to break through this zone we can see the bears push the price back down to 12463- 12318.
Tip: This may create a double top pushing price right down. So far double top formation looks perfect- only missing the right leg. Again Nasdaq new highs are in its genes. So prepare, have strategy in place and follow it. Don't trade blindly- Nasdaq can make you a winner if you trade it correctly
All the best guys.
Tip: This may create a double top pushing price right down. So far double top formation looks perfect- only missing the right leg. Again Nasdaq new highs are in its genes. So prepare, have strategy in place and follow it. Don't trade blindly- Nasdaq can make you a winner if you trade it correctly
All the best guys.