Hello Everyone.
We had a great run on nasdaq so far and now I can see nasdaq has reached a very strong key weekly area of 12930, the price has also simultaneously hit a strong trend line, This trend line has a history which I have highlighted, many times over the months this trendline has been tested. many occasions it failed to break, in the recent weeks we can see it had failed break, then a fake break so now we are back here lets see what it does this time. If price does break this area of resistance and trendline I don't see why price can't push to the next week resistance of 13856. If price does fail to break this area we may see price come back to the area of support at 11834.
Will keep you all updated on the lower timeframes
We had a great run on nasdaq so far and now I can see nasdaq has reached a very strong key weekly area of 12930, the price has also simultaneously hit a strong trend line, This trend line has a history which I have highlighted, many times over the months this trendline has been tested. many occasions it failed to break, in the recent weeks we can see it had failed break, then a fake break so now we are back here lets see what it does this time. If price does break this area of resistance and trendline I don't see why price can't push to the next week resistance of 13856. If price does fail to break this area we may see price come back to the area of support at 11834.
Will keep you all updated on the lower timeframes
