Nasdaq is moving near the 🔴resistance zone(15,385-$15,160)🔴, and the formation of an Exhaustion gap can be a 💡Sign💡 of the end of the upward trend of the Nasdaq these few weeks.
Also, due to the Regular Divergence(RD-) between two consecutive peaks, the possibility of forming a 🗻Double Top pattern🗻 is very high.
🔔I expect the Nasdaq to fall to at least the 🟢support zone($ 14,060-$ 13,610)🟢 after breaking the uptrend line and neckline.
Nasdaq 100 Index Analyze (NDXUSD), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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while when you wrote technically it was a possibility but it is almost reaching 15700 already almost 2000 pts in 7 weeks. problem is it hard to predict the final top.
chetanapanchal53
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already at 15399 what do u think
tradeprostocks2020
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Because this looks like the most obvious scenario, it’s exactly why this won’t play out, will just keep chugging higher, markets always do the opposite to sensible