Breaking down nasdaq for this month:
In my previous analysis of nasdaq you can see how we predicted the massive bull run which kicked off the week, breaking it down from the daily timeframe we can see an imbalance of price as well as a TL which is the reason for my first initial sell zone, from here on wards 2 things could happen, we could either get higher highs and higher lows OR a fulfilment in price and a continuation down which could form a double bottom.
Fundamentally I am seeing a continuation up ( higher highs and higher lows) but we will need breaks in these areas to confirm the overall direction.
In my previous analysis of nasdaq you can see how we predicted the massive bull run which kicked off the week, breaking it down from the daily timeframe we can see an imbalance of price as well as a TL which is the reason for my first initial sell zone, from here on wards 2 things could happen, we could either get higher highs and higher lows OR a fulfilment in price and a continuation down which could form a double bottom.
Fundamentally I am seeing a continuation up ( higher highs and higher lows) but we will need breaks in these areas to confirm the overall direction.
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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.