Nasdaq is currently testing support on the daily chart as it attempts to recover.
As you can see, there is a higher low put in on the 14th of February at 14029. If this is taken out, then we'll likely see a retest of the January lows. The Doji from the 14th followed by the green bullish bar that started at 14250 shows that the 14250 level is important, and if buyers want to continue this recovery, they need this current level at 14250 to hold and the very least the higher low at 14029.
As you can see, there is a higher low put in on the 14th of February at 14029. If this is taken out, then we'll likely see a retest of the January lows. The Doji from the 14th followed by the green bullish bar that started at 14250 shows that the 14250 level is important, and if buyers want to continue this recovery, they need this current level at 14250 to hold and the very least the higher low at 14029.
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My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
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.