As you look at the chart notice that the Nasadaq is very much near resistance and upward support.
If you look below you will see the RSI showing you a sharp swing from the bottom shooting to the top.
Also, notice that this bottom is higher than the lowest bottom at the beginning of the year.
In this position, The NASDAQ looks like its headed for a major breakout session.
Not to mention that the chart is already in an uptrend. near all-time high.
Come back to this post in 5 days and press the play button to see how the price will react.
When you learn how to use Japanese candle sticks with moving averages you will be able to see ahead of the market.
Even though we are using an oscillator here notice that this is a lagging indicator.
Rocket boost this content to learn more.
**Disclaimer:**
The information provided above or below is for educational and informational purposes only.
--
It does not constitute financial advice, and trading always involves
--
a risk of substantial losses, regardless of the margin levels
--
used. Before engaging in any trading activities, it is crucial to
--
conduct thorough research, consider your financial situation,
--
and, if necessary, consult with a qualified financial advisor. Past
--
performance is not indicative of future results, and market
--
conditions can change rapidly. Trading decisions should be made
--
based on careful analysis and consideration of individual
--
circumstances. The user is solely responsible for any decisions made
--
and should be aware of the inherent risks associated with trading in
--
financial markets.
If you look below you will see the RSI showing you a sharp swing from the bottom shooting to the top.
Also, notice that this bottom is higher than the lowest bottom at the beginning of the year.
In this position, The NASDAQ looks like its headed for a major breakout session.
Not to mention that the chart is already in an uptrend. near all-time high.
Come back to this post in 5 days and press the play button to see how the price will react.
When you learn how to use Japanese candle sticks with moving averages you will be able to see ahead of the market.
Even though we are using an oscillator here notice that this is a lagging indicator.
Rocket boost this content to learn more.
**Disclaimer:**
The information provided above or below is for educational and informational purposes only.
--
It does not constitute financial advice, and trading always involves
--
a risk of substantial losses, regardless of the margin levels
--
used. Before engaging in any trading activities, it is crucial to
--
conduct thorough research, consider your financial situation,
--
and, if necessary, consult with a qualified financial advisor. Past
--
performance is not indicative of future results, and market
--
conditions can change rapidly. Trading decisions should be made
--
based on careful analysis and consideration of individual
--
circumstances. The user is solely responsible for any decisions made
--
and should be aware of the inherent risks associated with trading in
--
financial markets.
