Nasdaq broke previous support and made new lows. Will it recover from here? Will it make new lows? Will it completely crash out?
Well in any case, we would be looking to buy it all the way back to the ATH. Why? Because NASDAQ is in an Uptrend on the monthly and Stonks only goes up.
Personally, I'm waiting for a sellers trao to form, who will sell either at the retest of the trendline or the retest of the broken support. My entry will be after the corrective pattern is broken out as well. This will be a low risk high reward trade I'm not looking at missing any time soon.
Well in any case, we would be looking to buy it all the way back to the ATH. Why? Because NASDAQ is in an Uptrend on the monthly and Stonks only goes up.
Personally, I'm waiting for a sellers trao to form, who will sell either at the retest of the trendline or the retest of the broken support. My entry will be after the corrective pattern is broken out as well. This will be a low risk high reward trade I'm not looking at missing any time soon.