There are 2 parallel line/CHANNELS.
1) RED line & Light GREEN line . (SOLID)
2) ORANGE line & Deep GREEN line. (DOTTED)
NASDAQ broke the number 1 CHANNEL even though it made a all time high.
In next few days/weeks It will break the 2nd dotted CHANNEL. Which may or may not create a new high but people will thinks it's a buy time. Honestly it's proving that market is getting weaker. And I would short it. Once it breaks the DOTTED GREEN LINE then FULLY SHORT TILL IT REACHES 3000 support zone.
1) RED line & Light GREEN line . (SOLID)
2) ORANGE line & Deep GREEN line. (DOTTED)
NASDAQ broke the number 1 CHANNEL even though it made a all time high.
In next few days/weeks It will break the 2nd dotted CHANNEL. Which may or may not create a new high but people will thinks it's a buy time. Honestly it's proving that market is getting weaker. And I would short it. Once it breaks the DOTTED GREEN LINE then FULLY SHORT TILL IT REACHES 3000 support zone.
