NASDAQ In a big channel in Daily and we have got pretty good Bearish divergence in RSI 14 period. All you need is some extra PA to confirm the sell. Maybe we could go to shorter timeframe and look for a bearish pattern breakout to target 53.40 but I would not mind selling with a limit here but we have seen a couple of test so we have to be careful on the sell ...
A complete bullish cypher pattern will take place the price declines to 49.00.
Potential Reversal zone will be around 49.00 to 48.35 marked in Green.
Target to 50.86 which is the 1st target of the Cypher pattern.
38.2% of CD leg.
Stock had pulled back and looks like it will continue higher. Stock options would be good in this case that expire in 6-7 months to allow the stock to go up in price.
