NASDAQ Analysis
Hello Everyone. Market has been very choppy yesterday and it was same for all pairs. There wasn't much smooth trades. On NASDAQ, We have broke out of our falling channel and it has gone into consolidation. When it does break it our targets are as follow
Buyers: First target 11880, If it break here then next key level is 12000 and if it break this then 12127.
Sellers: Target is 11345 thats if it breaks out the box down and also breaks out our key level 11550.
I use pure price action so my key levels are where i enter or exit. I also draw minor support/ resistance for pullbacks/retest etc. Please make sure when you take trades, you have your confirmations that this trade is going the direction you entered and not fall into traps of false breakout.
Hello Everyone. Market has been very choppy yesterday and it was same for all pairs. There wasn't much smooth trades. On NASDAQ, We have broke out of our falling channel and it has gone into consolidation. When it does break it our targets are as follow
Buyers: First target 11880, If it break here then next key level is 12000 and if it break this then 12127.
Sellers: Target is 11345 thats if it breaks out the box down and also breaks out our key level 11550.
I use pure price action so my key levels are where i enter or exit. I also draw minor support/ resistance for pullbacks/retest etc. Please make sure when you take trades, you have your confirmations that this trade is going the direction you entered and not fall into traps of false breakout.
