US 100 IndexUpdated NDQ Oversold in the short term, will bounce this week
Before another large leg down.
According to trendline rules, when we have an overshoot of trend (in this case, overselling), expect prices to break out the other side, and possible reversal.
Although, I don't think this will lead to a reversal, after this week, I see another leg down.
🤙🏽
According to trendline rules, when we have an overshoot of trend (in this case, overselling), expect prices to break out the other side, and possible reversal.
Although, I don't think this will lead to a reversal, after this week, I see another leg down.
🤙🏽
Note
Looking at the 15m, I think it could look something more like this, this week.
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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.