Nasdaq price is currently in parabolic growth and indicators are showing strong uptrend. Next resistance is market as a yellow zone and breaking above it is needed for continuation of growing.
In case of retracement which is very likely here, first two stops could be green dashed line and red uptrend line, after that there is orange uptrend line. Below that we have support zone (blue zone) and possible strongest uptrend line (green line).
This is not financial advice and I am not a financial advisor. It is important to do your own research and make your own opinion before getting into any trades or financial investments. You are responsible for all your trades and all win and lose results, so manage your risk according to your financial situation. Don't invest money which you are not ready to lose.
In case of retracement which is very likely here, first two stops could be green dashed line and red uptrend line, after that there is orange uptrend line. Below that we have support zone (blue zone) and possible strongest uptrend line (green line).
This is not financial advice and I am not a financial advisor. It is important to do your own research and make your own opinion before getting into any trades or financial investments. You are responsible for all your trades and all win and lose results, so manage your risk according to your financial situation. Don't invest money which you are not ready to lose.
