Nasdaq Outlook/ Possible Setup
Please give a thumbs up if you like this idea and let me know in the comments what you think.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
Nasdaq has been bouncing in a downward channel and it looks like a cup handle.
right now it there might be a possible double bottom followed by a breakout to the upside.
Keep in mind that the elections are upon us and that investors are hesitating to invest into NAS, DJ, S&P etc. so it could go either way.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
Trade safe, look for clear confirmation and have good risk management.
Let me know what you think.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
Nasdaq has been bouncing in a downward channel and it looks like a cup handle.
right now it there might be a possible double bottom followed by a breakout to the upside.
Keep in mind that the elections are upon us and that investors are hesitating to invest into NAS, DJ, S&P etc. so it could go either way.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
Trade safe, look for clear confirmation and have good risk management.
Let me know what you think.
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.