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The Nasdaq composite indexis really close to a dangerous channel between 10550 and 10800.
The frequent rumors about a tech bubble ready to burst after american elections pushed the price in a downtrend after reaching ATH and forming a double top.
Today prices will move towards 11150 following the world major stock markets in a good trend.
An eventual breakout could open new scenarios but a small retracement to retest the main trendline is expected.
A short entry at the end of today's trading with target 10600 and a close stop loss should be a good idea.
The Nasdaq composite indexis really close to a dangerous channel between 10550 and 10800.
The frequent rumors about a tech bubble ready to burst after american elections pushed the price in a downtrend after reaching ATH and forming a double top.
Today prices will move towards 11150 following the world major stock markets in a good trend.
An eventual breakout could open new scenarios but a small retracement to retest the main trendline is expected.
A short entry at the end of today's trading with target 10600 and a close stop loss should be a good idea.
Trade closed: stop reached