Nasdaq Analysis: Fibonacci Retracement and RSI Divergence

Updated
The Nasdaq has reached an intriguing point around the 17200 area, where it sits at the 61.8% Fibonacci retracement level from the previous swing low. Price action appears to be responding to this level on lower timeframes, and we've also observed a divergence on the RSI indicator on the H4 timeframe, coinciding with the price attempting to move out of oversold conditions. We are considering a scalp position with a potential take profit at the 38.2% Fibonacci level, and possibly at the Point of Control (POC) Volume for an extended take profit.

snapshot
Trade closed: target reached
snapshot

🔥 Close 50% Profit and Move SL to Entry.
Trade closed: target reached
🔥 I'M Closing the last 50% with a great profit !!!!


snapshot
Trade closed: target reached
Technical Indicatorsnasdaqnasdaq100NQNASDAQ 100 E-MINI FUTURESTrend Analysis

✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod

🔥 UP to 4000$ BONUS: forexn1.com/broker/

🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/

🟪 Instagram: instagram.com/forexn1_com/
Also on:

Related publications

Disclaimer