NASDAQ one more up day and then down if pattern holds
Updated
Sorry for all of the trend lines, but focus on the pink ellipses and the path arrow. It has the makings of the same pattern as last rally. So bearish, I know. I just can't help it. At least I was right about today's rally to close the gap. Maybe I should be a bull, seems easier (just assume up).
In case you want to know where I get all of those trend lines from.
In case you want to know where I get all of those trend lines from.
Note
FYI, that peak also lands right at the 12,000 level, which has been a major S/R line.Note
It is also a 0.618 fib retrace levelNote
Chugging right alongNote
Kind of a let down.Note
Remember this ugly chart. Note
I guess we will find out tomorrow.
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.