Nasdaq is at the trendline, channel and RSI resistances at the moment. We have 1D divergence on RSI, but no 4h divergence yet. Good pullbacks usually start with 4h divergence on NAS100 / 2h divergence on NDX, so it will probably go a little higher.
If it's going to form an ending diagonal, one more small pullback and one more wave up should appear, which will produce 4h divergence.
2.618 fib level from August 13 peak to low is at 25600 on NAS100 and at 25590 on NDX - maybe it will reach it, maybe not.
If it's going to form an ending diagonal, one more small pullback and one more wave up should appear, which will produce 4h divergence.
2.618 fib level from August 13 peak to low is at 25600 on NAS100 and at 25590 on NDX - maybe it will reach it, maybe not.
Note
It's a broken rising wedge, the price is testing it from below.Note
2.618 fib level from August 13 peak to low is at 25590 on both NAS100 and NDX*Can spike to 25600 anyway.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.