Nasdaq not out of the woods yet; correction not yet over
Even if Nasdaq have a bounce rally up to 15500 strong resistance
where it will be rejected & may still break
below the uptrend line which is also along the dma200 line.
That abc correction may retrace 61.8% of the
FIBO levels from low of 12208 to peak of 16767.50 (near a GANN Fanline)...
falling to approximately around 14000.
That will be a 10% correction from 15500.
14000 also falls along a GANN Fan line.
Not financial advice.
where it will be rejected & may still break
below the uptrend line which is also along the dma200 line.
That abc correction may retrace 61.8% of the
FIBO levels from low of 12208 to peak of 16767.50 (near a GANN Fanline)...
falling to approximately around 14000.
That will be a 10% correction from 15500.
14000 also falls along a GANN Fan line.
Not financial advice.
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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.
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.