Nasdaq is testing the MA50 (4h) since yesterday as the Rising Resistance weighs.
The middle line (dashed) of the Channel Up is the final level of Support before a short term pull back.
The Bearish Divergence on the RSI (4h), which is inside a Channel Down, is in favor of this short term pull back.
Trading Plan:
1. Sell if the price crosses under the dashed middle of the Channel Up.
Targets:
1. 15450 (Rising Support).
Tips:
1. The MACD (4h) is also descending while the index rises (another Bearish Divergence) and is about to form a Bearish Cross. Additional sell signal.
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The middle line (dashed) of the Channel Up is the final level of Support before a short term pull back.
The Bearish Divergence on the RSI (4h), which is inside a Channel Down, is in favor of this short term pull back.
Trading Plan:
1. Sell if the price crosses under the dashed middle of the Channel Up.
Targets:
1. 15450 (Rising Support).
Tips:
1. The MACD (4h) is also descending while the index rises (another Bearish Divergence) and is about to form a Bearish Cross. Additional sell signal.
Please like, follow and comment!!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.