Beast Trading _ Today's NASDAQ analysis
NASDAQ Analysis.
First of all, I was able to find a NASDAQ parallel channel that was formed around May 22nd, which is an ascending channel, and you can see it slowly moving upward.
(Sky Blue Parallel Channel)
But at the end of September, several bad news broke this upward channel, and since then, it has fallen quite strongly, leaving it by 11,000 points.
Eventually, it renewed its low point, but after renewing its low point, buying began to gain sharply at the bottom of the yellow falling parallel channel, and it easily surpassed the interruption line.
It is currently moving between the top line and the middle line, and it seems possible to climb further if it deviates from the top line.
However, from 13750 high to low, it has not yet reached Fibonacci 0.382, and the stock market is still not good.
The response was originally important because the intestines are difficult and there are a lot of lateral movements, but it seems that the response is even more important these days.
Please follow the important lines I checked in the analysis and check the support/resistance well.
The red square line next to it is marked with a collection of support/resistance lines, so please refer to it
NASDAQ Analysis.
First of all, I was able to find a NASDAQ parallel channel that was formed around May 22nd, which is an ascending channel, and you can see it slowly moving upward.
(Sky Blue Parallel Channel)
But at the end of September, several bad news broke this upward channel, and since then, it has fallen quite strongly, leaving it by 11,000 points.
Eventually, it renewed its low point, but after renewing its low point, buying began to gain sharply at the bottom of the yellow falling parallel channel, and it easily surpassed the interruption line.
It is currently moving between the top line and the middle line, and it seems possible to climb further if it deviates from the top line.
However, from 13750 high to low, it has not yet reached Fibonacci 0.382, and the stock market is still not good.
The response was originally important because the intestines are difficult and there are a lot of lateral movements, but it seems that the response is even more important these days.
Please follow the important lines I checked in the analysis and check the support/resistance well.
The red square line next to it is marked with a collection of support/resistance lines, so please refer to it