NASDAQ has 8 confirmations
On the daily:
-Nasdaq has touched the last high and formed another top.
-Nasdaq has also reached the top of the daily trend line.
-Daily trendline is forming a wedge
On the 4H timeframe:
-Price is consolidating at the high and losing momentum
-Market is still within zones of reversals
On the 1H timeframe:
-More price consolidation
-A smaller rising wedge is occuring
On 30Min timeframe:
-I'll be looking for a breakout and retest from the wedge
This is not 100% guarrenteed as this analysis is purely technical trading and has not been researched with fundimentals in mind. If it wins, it would be a nice swing trade. If not, close as soon as price breaks above resistance 13445
On the daily:
-Nasdaq has touched the last high and formed another top.
-Nasdaq has also reached the top of the daily trend line.
-Daily trendline is forming a wedge
On the 4H timeframe:
-Price is consolidating at the high and losing momentum
-Market is still within zones of reversals
On the 1H timeframe:
-More price consolidation
-A smaller rising wedge is occuring
On 30Min timeframe:
-I'll be looking for a breakout and retest from the wedge
This is not 100% guarrenteed as this analysis is purely technical trading and has not been researched with fundimentals in mind. If it wins, it would be a nice swing trade. If not, close as soon as price breaks above resistance 13445