Nasdaq will break out bearish channel March 11?
Updated
If 12770 support hold, we might see March 11 the break out of the bearish channel started mid February.
The 13200 target is based on the theoretical target of the double bottom, limited by 13200 resistance.
It might easily go above 13200 on a longer-term
The 13200 target is based on the theoretical target of the double bottom, limited by 13200 resistance.
It might easily go above 13200 on a longer-term
Note
So far Nasdaq is going toward 13200 :)The fact that the price currently match perfectly the arrow is pure luck, but fun to see
Note
We should expect a retest of the broken level on Friday at 13000 before going higher.Trade closed: target reached
13200 target reached (6 days after idea creation)
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