22/10/2020 NASDAQ trying to find a bottom
NASDAQ still in consolidation. Stimulus news still in play and that will move the market. Personally I think the lows are not in yet.
Price at the lower end of range, but need a clear break.
I am short bias below 11698, targeting 11590, 11504, 11410. In the event 11370 trade, I see it as low risk buy level.
Above 11710, look for longs, targeting 11796, 11892. 11924 presents low risk sell level
Price at the lower end of range, but need a clear break.
I am short bias below 11698, targeting 11590, 11504, 11410. In the event 11370 trade, I see it as low risk buy level.
Above 11710, look for longs, targeting 11796, 11892. 11924 presents low risk sell level
Comment:
Perfect price rejection off 11720, hit 1st target at 11590 with another perfect bounce of 20 points before further down. Rejection off 11590 re-test should see 11504.
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