In my previous ideas and posts i told you about #nasdaq chart structure' s weaknesses. Well, it has already made the extended rally and the time has likely come.
In lower time frame, nasdaq, spx and dji already started dumps and broke the local supports.
In monthly candle stick size, i mean higher time frame, #nasdaq100 chart:
- Formed a huge bearish divergence
- Stoch RSI made bearish triple top
- MACD is warning about the trend reversal (Bullish to bearish)
The strong support zones in HTF are:
Monthly EMA Ribbon at 15000
Monthly İchimoku Cloud bottom at 12000
The stronghold the historical trendline support at 6000.
This strategy is NOT a SHORT TERM strategy and NOT FINANCIAL ADVICE. Dyor.
Just avoid being over greedy.
In lower time frame, nasdaq, spx and dji already started dumps and broke the local supports.
In monthly candle stick size, i mean higher time frame, #nasdaq100 chart:
- Formed a huge bearish divergence
- Stoch RSI made bearish triple top
- MACD is warning about the trend reversal (Bullish to bearish)
The strong support zones in HTF are:
Monthly EMA Ribbon at 15000
Monthly İchimoku Cloud bottom at 12000
The stronghold the historical trendline support at 6000.
This strategy is NOT a SHORT TERM strategy and NOT FINANCIAL ADVICE. Dyor.
Just avoid being over greedy.
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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.
Related publications
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.