NASDAQ Daily Projection 20/07/22
The NASDAQ finally broke the ascending triangle into the range 12211 - 12441. Make sure a break of this resistance is not a false break by looking at the direction of the price correction on the NASDAQ today because yesterday's increase was an instant increase. If this break is validated, with the MA pattern showing how strong the uptrend is, the NASDAQ might reach resistance 12441 at the end of this week.
[Possible to take]
We are waiting for confirmation of the end of the ascending triangle on this index, because MA8 is still inside the triangle.
R3 12801
R2 12647
R1 12441
PV 12211
S1 11675
S2 11580
S3 11470
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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.