Nasdaq - Where do we go next?!
Well, we go over the trend-line down (In red) We are back to bears going into control. This would mean I'd be targeting the areas of Fibs retracement 0.23 area. However, if the bears are still in control and we are retracing for further pull back, I'd be targeting 161.8 as well as the trend-line matches perfectly as well. It is within the range given by the purple box I have drawn and for those more experienced level could trade within the ranges or find pattern on smaller time frame to indicate movement further. It's an interesting indices pair, more momentum towards it.
Give us a like & comment for any other suggestion of any other pairs you'd like us to publish. As always our ideas are FREE!
Remember: It's just a trade idea, not recommendation.
Have a great weekend.
Well, we go over the trend-line down (In red) We are back to bears going into control. This would mean I'd be targeting the areas of Fibs retracement 0.23 area. However, if the bears are still in control and we are retracing for further pull back, I'd be targeting 161.8 as well as the trend-line matches perfectly as well. It is within the range given by the purple box I have drawn and for those more experienced level could trade within the ranges or find pattern on smaller time frame to indicate movement further. It's an interesting indices pair, more momentum towards it.
Give us a like & comment for any other suggestion of any other pairs you'd like us to publish. As always our ideas are FREE!
Remember: It's just a trade idea, not recommendation.
Have a great weekend.