Nasdaq - The Most Decisive Point Ever!

Mar 6

Nasdaq (NDQ) might break below all structure:



Click chart above to see the detailed analysis👆🏻

After breaking above the major channel resistance trendline just a couple of months ago, the Nasdaq is now being dominated by bears and starting to break everything back to the downside. So far we didn't see any confirmation but the next couple of days will decide just everything.

Levels to watch: $20.000, $16.000

Keep your long term vision,
Philip (BasicTrading)

Mar 14

Trade active

Trading update on Nasdaq (NDQ):



Click chart above to see the detailed analysis👆🏻

With a drop of more than -10% over the past couple of days, the Nasdaq is clearly showing significant signs of weakness. However we sill have to wait for the confirmation candle to close before the Nasdaq might even head for a retest of the previous all time high.

Levels to watch: $20.000, $16.000

Keep your long term vision,
Philip (BasicTrading)

Mar 24

Trade closed: target reached

Trading update on Nasdaq (NDQ):



Click chart above to see the detailed analysis👆🏻

Over the past couple of days, we saw bulls stepping in again and creating a quite strong short term rally back above the psychological $20K area. We still have to wait for the monthly candle to close but if we get a closure above the trendline, this will turn into a juicy fakeout.

Levels to watch: $20.000, $16.000

Keep your long term vision,
Philip (BasicTrading)