NASDAQ: Moving Below EMA 200, Bearish Trend Doesn't Over Yet?
Updated
Hello Fellow U.S. Investor/Trader, Here's a Technical outlook of NASDAQ!
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NASDAQ is forming the head and shoulder pattern near the EMA200 line. Furthermore, The MACD indicator created a death cross, which confirmed a potential downside momentum to the target area.
The Outlook will be active after the price hits the confirmation line.
*All the explanations are presented on the chart*
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put Long or Short Position on the NASDAQ Index"
Support our content by smashing the like and follow button, you also can share your opinion in the comment section below.
NASDAQ is forming the head and shoulder pattern near the EMA200 line. Furthermore, The MACD indicator created a death cross, which confirmed a potential downside momentum to the target area.
The Outlook will be active after the price hits the confirmation line.
*All the explanations are presented on the chart*
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put Long or Short Position on the NASDAQ Index"
Trade active
Trade closed: target reached
Done Target 1 on NASDAQ, Hope it will reach the second target :)Trade closed: target reached
Target 2 Reached, See you soon on the next roadmap/outlook. Press your likes button and give your opinion on the comment section below to support the channel
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