Nasdaq broke and closed today a (4h) candle under the MA200 (4h) for the first time January 8th.
By doing so it completed a Head and Shoulders formation, which is a bearish reversal pattern.
Its target is technically the 2.0 Fibonacci extension.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 17200 (the 2.0 Fibonacci extension, located between Supports 1 and 2).
Tips:
1. The RSI (1d) is inside a Channel Down since the start of Nasdaq's Channel Up, which is a technical Bearish Divergence. It shows that the bullish momentum has lost its strength.
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By doing so it completed a Head and Shoulders formation, which is a bearish reversal pattern.
Its target is technically the 2.0 Fibonacci extension.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 17200 (the 2.0 Fibonacci extension, located between Supports 1 and 2).
Tips:
1. The RSI (1d) is inside a Channel Down since the start of Nasdaq's Channel Up, which is a technical Bearish Divergence. It shows that the bullish momentum has lost its strength.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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Penafian
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Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.