The price is moving still in the parallel channel and create a strong resistance.
In other hand Nasdaq has began printing a bearish setup move. There is a M formation which is very choppy and also a potential Head and shoulders pattern on smaller timeframes. One needs to first identify a clear trendline break and wait for a retest to the bullish trendline as depicted on the chart.. Its a good swing trade setup to the strong support 14100'
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
In other hand Nasdaq has began printing a bearish setup move. There is a M formation which is very choppy and also a potential Head and shoulders pattern on smaller timeframes. One needs to first identify a clear trendline break and wait for a retest to the bullish trendline as depicted on the chart.. Its a good swing trade setup to the strong support 14100'
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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.
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.