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WaveSavvyTrades
Mar 24, 2024 10:19 AM

NASDAQ CURRENT PICTURE (CHANNEL A OR CHANNEL B?) Short

EIGHTCAP:NDQ1001W
Nasdaq CashEightcap

Description

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This symbol seems to trade in rising channels. So far price is currently trading in Channel A (smaller channel) and currently facing the resistance of this channel. Would price break the resistance of channel A and move towards the resistance of channel B or will channel A hold?
Chart PatternsTrend AnalysisWave Analysis
Comments
gregjazzy
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My view is not far from your. I would say sell till 17580 and then up till 18600 about and then resell, targetting 17200. Only after strong up
gregjazzy
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@gregjazzy, but my coent is for short term (1 week or 2).
Long term I do not think it will go under 17200 before june
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