NASDAQ Analysis
Hi Guys hope you all had a great weekend.
Last week nasdaq we had some good bullish rally then came back to retest the trend line and now has started to continue. Good S/R and Trendlines can never go wrong. Market respects that's a lot and this is one of the key indicators for us to see where the market is coming next to getting this right is so important.
Today we may see the bulls take the price to 13793-13922. However if the price does come back and close below 13400 there is still good chance for the bears to come in pushing price down to 13170 and below.
Trade safe, use the correct lot sizes and have good risk managements in place.
Problem is not trades hitting stop loss, but the losses are more than the account can handle.
Last week nasdaq we had some good bullish rally then came back to retest the trend line and now has started to continue. Good S/R and Trendlines can never go wrong. Market respects that's a lot and this is one of the key indicators for us to see where the market is coming next to getting this right is so important.
Today we may see the bulls take the price to 13793-13922. However if the price does come back and close below 13400 there is still good chance for the bears to come in pushing price down to 13170 and below.
Trade safe, use the correct lot sizes and have good risk managements in place.
Problem is not trades hitting stop loss, but the losses are more than the account can handle.
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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.
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.