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Nasdaq analysis The market looks a little crazy today up and down- but there is a reason why we are seeing this. On the weekly and monthly we can see market is playing around some key areas and trend lines. 12917 is a very strong area of support where as 13879 is a strong area of resistance. As we are entering the end of month next few days will be very interesting. Will we break to the upside or break the trend down If you want to learn how to trade nasdaq get in touch. Over 8 years of experience trading with portfolio of making 1000s of students profitable. Courses and signals both at affordable prices.
OANDA:NAS100USD
by Tradeofgrey
NASDAQ Analysis Hi Guys hope you all had a great weekend. Last week nasdaq we had some good bullish rally then came back to retest the trend line and now has started to continue. Good S/R and Trendlines can never go wrong. Market respects that's a lot and this is one of the key indicators for us to see where the market is coming next to getting this right is so important. Today we may see the bulls take the price to 13793-13922. However if the price does come back and close below 13400 there is still good chance for the bears to come in pushing price down to 13170 and below. Trade safe, use the correct lot sizes and have good risk managements in place. Problem is not trades hitting stop loss, but the losses are more than the account can handle.
OANDA:NAS100USD
by Tradeofgrey
Nasdaq analysis Hi Guys, We had a beautiful rally yesterday pushing the price up to 13517 one of our key resistance area. So far the market has followed by previous analysis very nicely. But today I would be precautious. Will this rally continue or will we see bears come in today. For the bulls our target will be 13664-13921 and for the bears anywhere between 13300-13041. On the lower timeframe we can see the market is consolidating and even formed a triangle. I would wait for a break of the consolidation before taking any trades. Be ready for either the bulls or the bears.
OANDA:NAS100USD
by Tradeofgrey