Good day traders.
As we are preparing for a new week let's take a look at Nasdaq.It has been hard for everyone these past few weeks so it's wise to use proper risk management and stick to your trading plan.
1.Nasdaq monthly chart Major Buy zones @ 12911.4 & @ 12212.9.
Chart is repricing from a previous bullish momentum,keep in mind.
2.Daily chart Market is moving in a downtrend,it broke the recent major support areas e.g @ 14493.2.
We take this as a confirmation of a downtrend movement continuing.
3.Hourly Chart (H1) After giving us a good performance,forming the head and shoulders which was upside down as a signal of change in trend.
It failed to continue and carry that on,and in result we went bearish.
Good news are it has recently performed something close to be a double top. Remember we are trading in times of war so the market is in on it's most volatile moments now.
After the bounce it broke all the recent support including price @ 13429.3 which was a major.
Wait for rejection.
Best SELL Entry @ 13390.2.
Share your comment on this....
As we are preparing for a new week let's take a look at Nasdaq.It has been hard for everyone these past few weeks so it's wise to use proper risk management and stick to your trading plan.
1.Nasdaq monthly chart Major Buy zones @ 12911.4 & @ 12212.9.
Chart is repricing from a previous bullish momentum,keep in mind.
2.Daily chart Market is moving in a downtrend,it broke the recent major support areas e.g @ 14493.2.
We take this as a confirmation of a downtrend movement continuing.
3.Hourly Chart (H1) After giving us a good performance,forming the head and shoulders which was upside down as a signal of change in trend.
It failed to continue and carry that on,and in result we went bearish.
Good news are it has recently performed something close to be a double top. Remember we are trading in times of war so the market is in on it's most volatile moments now.
After the bounce it broke all the recent support including price @ 13429.3 which was a major.
Wait for rejection.
Best SELL Entry @ 13390.2.
Share your comment on this....
Comment:
Trade running profits,whoever followed must have made nice profits.