Hi Guys,
I posted yesterday regarding a harmonic pattern on the Nasdaq in a potential strong support area. The index responded to that price point and resulted in a nice move up. Unfortunately I didn't get to trade that as I was asleep at the time it happened.
The next area that we may see some selling occur is the one that I've highlighted on the chart and just like the S&P 500 , the colored zone is a convergence of fib extensions and retracements from important price points that lead to that area.
Hope some find this info useful
Safe Trading all
I posted yesterday regarding a harmonic pattern on the Nasdaq in a potential strong support area. The index responded to that price point and resulted in a nice move up. Unfortunately I didn't get to trade that as I was asleep at the time it happened.
The next area that we may see some selling occur is the one that I've highlighted on the chart and just like the S&P 500 , the colored zone is a convergence of fib extensions and retracements from important price points that lead to that area.
Hope some find this info useful
Safe Trading all