S&R theory ;
Nasdaq has clearly broke a key area of 13800 Zone all the way to 13300 zone , we can expect a retest back to the 13600 zone and a continuation back to the down side possibly back to the 12900 zone.
Indicator analysis :
If super trend line breaks below price we could expect a retest back to 13600-13700 zone before a continuation to the down side.
Intraday traders can look for possible short term buys for this week , however I will post this in my next analysis with possible entries during the live market.
Nasdaq has clearly broke a key area of 13800 Zone all the way to 13300 zone , we can expect a retest back to the 13600 zone and a continuation back to the down side possibly back to the 12900 zone.
Indicator analysis :
If super trend line breaks below price we could expect a retest back to 13600-13700 zone before a continuation to the down side.
Intraday traders can look for possible short term buys for this week , however I will post this in my next analysis with possible entries during the live market.
Trade closed: target reached
