NASDAQ, more likely a pull-back for the next week
NAS100 / 1D
Hello traders, welcome back to another market breakdown.
NASDAQ has broke above a major key level. However, The price is over extended, so I'll be ecpecting side ways pull-back based on profit taking more than a follow through in the next week.
The price is near the channel plus previous brekaout points technically that might encourage profit taking from the side of the bulls.
Trade safely,
Trader Leo
Hello traders, welcome back to another market breakdown.
NASDAQ has broke above a major key level. However, The price is over extended, so I'll be ecpecting side ways pull-back based on profit taking more than a follow through in the next week.
The price is near the channel plus previous brekaout points technically that might encourage profit taking from the side of the bulls.
Trade safely,
Trader Leo
Trade active
NQ update: Stop is flat at BE
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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.