NASDAQ is rapidly approaching a resistance zone, presenting an opportunity to open a position. A break and retest of the resistance zone presents a good opportunity to go long, while a rejection at the resistance zone could see NASDAQ falling further down to, at minimum, the supportive trendline. Wait for the market to move and give a valid entry, do not enter based on predictions!
Be sure to follow me for more ideas and analyses. Best of luck traders!
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.