NASDAQ asset to be monitored
(this idea is outside the report for the monthly statistics is merely informative)
Nasdaq remains above supports and with a solid bullish structure that forces us to think only in purchases for the short term. The channeled ABC correction represents a continuation pattern, which can leave us with entry timing if the price develops an increasing minimum within the channel itself, which would confirm the "failure" and, therefore, signal a return to the trend. Objective, new historical highs.
Nasdaq remains above supports and with a solid bullish structure that forces us to think only in purchases for the short term. The channeled ABC correction represents a continuation pattern, which can leave us with entry timing if the price develops an increasing minimum within the channel itself, which would confirm the "failure" and, therefore, signal a return to the trend. Objective, new historical highs.
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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.