hi every one I have marked the double bottom in chart and trend line in rsi is broken . in my opinion nasdaq is in downtrend . may be we have correction to up but We can not say nasdaq is going up .
as you see we have channel & fork . in place Where I marked with arrow the market reacted with doji (bull sign) in midline of channel we have a level (blue rectangle ) in this point save profit . p.s : We may not have pullback to level
in 4h timeframe rsi is in overbought . in daily time frame we have low volume . We will not enter if resistance level breakout with strong and big candle(engulf) . wait for best Entry under the level or pull back . I
ndx break level we can buy open buy position Tp :16330 sl:15860
I think we have rally may be its a correction in downtrend or start a uptrend. [l my tp is small , depend on rsi and macd i change it
if nasdaq break level we can entry for position sell . in daily chart we can see qm pattern