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Huichelaar
Oct 12, 2020 4:14 PM

Nasdaq TP Hit, Possible Scenario's 

US Nas 100OANDA

Description

My Nasdaq outlook for this week, if you have questions please ask them and if you take this trade let me know the results!
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Nasdaq has reached the 12000 mark today and is currently pushing the border of the upper channel.
To me we have 3 possible scenario's:
1. Nasdaq will go down to about ~11840.
2. Nasdaq will go down to about ~11700, or the lower border of the channel.
3. Nasdaq will break out of the channel and push to ~12450.
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Let me know your thoughts and please give a thumbs up if you like this idea and follow me for more ideas related to Gold and indices.
As always use good risk management. This isn't a sprint , it's a marathon .
Comments
SunnyHillCapital
Either a bullish continuation or a reversal, let's see. Thanks for sharing!
Huichelaar
@SunnyHillCapital, It has a lot of bullish pressure now so it can go either way haha.
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