NASDAQ price broke downtrend line (red line) as well as mentioned resistance zones in analysis before. If price manage to stay above 13561.4 red dashed line that would be very bullish and then we could expect going towards next resistance level/orange zone (13931-14127 ) where I expect price reactions. If price breaks that zone then next stop is red zone (14614-14661). If price closes below red dashed line then it is likely that it is going to test support zone/green zone (13241-13361) or uptrend line (green line).
This is not financial advice and I am not a financial advisor. It is important to do your own research and make your own opinion before getting into any trades or financial investments. You are responsible for all your trades and all win and lose results, so manage your risk according to your financial situation. Don't invest money which you are not ready to lose.
This is not financial advice and I am not a financial advisor. It is important to do your own research and make your own opinion before getting into any trades or financial investments. You are responsible for all your trades and all win and lose results, so manage your risk according to your financial situation. Don't invest money which you are not ready to lose.
Trade active:
Price broke area of resistance and it is possible that we could see retracements towards that zone which can become new support. If price will go below it then next stop could be 13561.4 (red dashed line). If price continues to grow then next resistance could be red zone (14614-14661).
