Hi Guys,
US indices have ripped up from the recent pullback and back into all time high territory once again.
I have marked a pink box just above price on the Nasdaq where there might be a chance of some selling pressure and maybe a slight pullback, which looks due as it is well extended from its key MAs and 4hr RSI extremely overbought.
The pink box is zone which is the 1.13 retracement of A to B and also the 1.618 trend based extension of b to c to d.
If the pullback from this area ( or just above at the 1.27 retracement of a to b) then it could result in a pullback to point c which would also be a pullback into the golden fib zone ( retracement from b to current high).
Safe trading all
US indices have ripped up from the recent pullback and back into all time high territory once again.
I have marked a pink box just above price on the Nasdaq where there might be a chance of some selling pressure and maybe a slight pullback, which looks due as it is well extended from its key MAs and 4hr RSI extremely overbought.
The pink box is zone which is the 1.13 retracement of A to B and also the 1.618 trend based extension of b to c to d.
If the pullback from this area ( or just above at the 1.27 retracement of a to b) then it could result in a pullback to point c which would also be a pullback into the golden fib zone ( retracement from b to current high).
Safe trading all
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.
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.