Nasdaq just crossed on the current 4H candle under the 4H MA50, which has been the short term Support since December 8th. Even though it turned neutral on its 4H outlook (RSI = 45.004, MACD = 31.260, ADX = 51.152), 1D remains bullish (RSI = 65.645) so a potential decline will serve as a technical pullback inside the seven week Channel Down.
The 4H RSI is already on a Bearish Divergence much like it was on the last Bearish Leg of November and a candle close under the 4H MA50 will validate the sell signal. Our target is the bottom of the Channel Up on an expected -2.88% decline (as the previous one) and potential contact with the 4H MA200 (TP = 16,480).
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The 4H RSI is already on a Bearish Divergence much like it was on the last Bearish Leg of November and a candle close under the 4H MA50 will validate the sell signal. Our target is the bottom of the Channel Up on an expected -2.88% decline (as the previous one) and potential contact with the 4H MA200 (TP = 16,480).
See how our prior idea has worked:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial