NASDAQ FAKE BREAKOUT AND SELL OFF. WILL NAS GO FOR A BOUNCE?
Check out the trade plan for NASDAQ today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
Nasdaq formed a nice falling wedge pattern but we had another fake breakout on the upper boundary. Here we have more downside risk if the price fails on the support with the heavy-loaded sell-offs happening at the moment. By any chance, if the index manages to hold from breaking down and looks for a bounce or a bullish reversal, then we will see another bull trend with a clean breakout this time.
Nasdaq formed a nice falling wedge pattern but we had another fake breakout on the upper boundary. Here we have more downside risk if the price fails on the support with the heavy-loaded sell-offs happening at the moment. By any chance, if the index manages to hold from breaking down and looks for a bounce or a bullish reversal, then we will see another bull trend with a clean breakout this time.
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