Here we have the NASDAQ (NQ1!) chart showing some bearish potential.
Last week prices closed below EMA10 and EMA21, when this happened in the past we had a strong correction.
We have the MACD trending down after a bearish cross.
We also have bearish Divergence with the MACD since August 2020:
The RSI is also trending lower as has broken below 50 weekly.
We have bearish divergence since Jan. 2020:
We see lower highs on the indicators (RSI and MACD) while we are getting higher highs on the NQ1!.
We have two main targets mapped on the chart.
Conditions for change
This analysis is invalidated if there is a weekly close above EMA10 or 15769.5 on the NQ1!.
Thank you for reading.
Namaste.
Last week prices closed below EMA10 and EMA21, when this happened in the past we had a strong correction.
We have the MACD trending down after a bearish cross.
We also have bearish Divergence with the MACD since August 2020:
The RSI is also trending lower as has broken below 50 weekly.
We have bearish divergence since Jan. 2020:
We see lower highs on the indicators (RSI and MACD) while we are getting higher highs on the NQ1!.
We have two main targets mapped on the chart.
Conditions for change
This analysis is invalidated if there is a weekly close above EMA10 or 15769.5 on the NQ1!.
Thank you for reading.
Namaste.
Dagangan aktif
First target hit.More to come. We continue RED.
Dagangan ditutup: sasaran tercapai
Both targets hit.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click now & get FREE Pizza! 🍕)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.