NASDAQ Free trading setup

104
#NASDAQ #NQM2020 #1hr
- Here is NASDAQ 1hr chart. It recently broke the blue uptrend line below and dropped down making a low around 9505. After that it bounced right back up.
- This V shaped kind of patterns appear a lot these days where a lot of retail traders get mashed.
- Within 7 hours, if we see more bullish momentum, based on the top of the many channels, trendlines, and previous sideway volumes, we can expect some resistance at 9710~9735.
- On the other hand, if NASDAQ goes through more correction, we might expect some support at 9585~9605. However, entering long position at this area seems a little risky. When some more corrective wave structure gets formed, I will be updating.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.