We are under strong resistance level! This is a signal to Sell.
DAY TRADE - EXPIRES AT 9PM UK Trade Idea Broken out of the Head and Shoulders formation to the downside. There is scope for mild buying at the open but gains should be limited. We look for a re-test of the upward trending resistance. Bespoke resistance is located at 7985. Further downside is expected although we prefer to set shorts at our bespoke resistance...
The Nasdaq indice is in a large sell-off as shown by the huge tank on the monthly timeframe. The monthly candle itself is ridiculously humongous and i wouldn't advise anyone to be taking any buy positions on this index. However, on the 4-Hour timeframe, the price seems to be moving in a downtrend too, with small corrections to the upside. The RSI indicator is...