I'm expecting some bounce back in NASDAQ:IXIC as per my Technical Analysis.
It has moved out of Parallel Channel which it was following since start of this year. It is currently following a downward trendline. On Upside, it can touch levels of 11384 really quick, as bounce from current levels would be sharp.
Chances of fall looks bleak, but if it does then it...
Likely has another correction to finish before the 4th wave bottom is confirmed, a rejection has happened off the LT channel bottom TL and now the Vix has some momo on the daily chart. I expect a double bottom type move b4 grinding higher to capitulate the last of the bear market is here now and sell everything gang that has been running the markets since Feb...
Hello traders, Nasdaq (IXIC) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In this index, the waves have ended in a higher stage than other indicators and have started to correct in a higher stage.
In this index, waves 1, 2 and 3 are over and correction for wave 4 has...
Hey eveyone,
This is just a simple chart with with the Moving Average 200 and 50. It's clearly showing that NASDAQ is about to death Cross really soon. Last time we had a death Cross was in March 2020. Best to you.
Hello traders, Nasdaq (IXIC) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
It seems that this wave that we examined is the last wave of wave 3 in higher times.
Based on the counting of waves 1, 2, 3, 4 and 5, we have completed and entered a new phase of correction. This...
after Strong penetration, the resistance line with buyers We note situation squeeze buyers and high power of sellers
high probability to the trend go done to the resistance line, in this case, it's a support line
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💡 IXIC technicaly indicators showing we can expect higher bulish market continuation, FIBO 0.5 which is in some...
I AM EXPECTING THIS TO MOVE TO AROUND 7710.2
I FEEL THIS COULD FORM SOME VARIATION OF A FLAT
BUT TIME WILL TELL
WILL UPDATE MORE SOON
LIKE, FOLLOW AND COMMENT
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
