Hello Everybody.
Today nasdaq came and retested 12150, a level which got broken last week. I know expect price to carry on pushing back to areas of 12544 and break from here taking us to 12820. Its a very clear drawing where you can see exactly what has happened so far. How price reacted at the area of support which was once a area of resistance. If I see 12150 get broken and prices decides to push down then this analysis will be invalid and I will have to reanalyse but for now its a bullish market.
Today nasdaq came and retested 12150, a level which got broken last week. I know expect price to carry on pushing back to areas of 12544 and break from here taking us to 12820. Its a very clear drawing where you can see exactly what has happened so far. How price reacted at the area of support which was once a area of resistance. If I see 12150 get broken and prices decides to push down then this analysis will be invalid and I will have to reanalyse but for now its a bullish market.