Nasdaq M Formation showing a pull back on the cards to 14,314
M Formation has formed on Nasdaq after a stellar uptrend.
It's normal for the market to dip and for the buyers to bank their profits.
I don't think the downside will be strong and powerful. So my first target is only to 14,314.
We will then most likely consolidate, move sideways and then head up.
But you'll be the first to know.
It's normal for the market to dip and for the buyers to bank their profits.
I don't think the downside will be strong and powerful. So my first target is only to 14,314.
We will then most likely consolidate, move sideways and then head up.
But you'll be the first to know.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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