Hello traders! As we have predicted in the previous analysis that #Nasdaq will touch 11500-12000 and look what we have after two days consecutive huge bearish rally! Now at this point Market is touching Its previous low (MAY) Support (i.e. 11824) which is just above its may lowest (i.e. 11487)
So now from this point what we looking for!
There are two scenarios is current circumstances:
1- Wait for the price to bounce from the support and confirmation of the BAT Pattern and then take a long position & aim for the first target. 2- If price break the support on Monday with huge momentum candle then join the bear army and target the may lowest i.e. 11400-11500.
Enjoy your weekend because market gonna give tough time this Monday, considering CPI, Jobless claims & all that news stuff :)
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