NASDAQ Weekly Update

As we have seen big drop in US Dollar last weeks, NASDAQ price went up and formed new uptrend. However if you look in bigger picture price is still in longer downtrend. If the price continues to grow then we can see price action on the resistance (red line), last top (red dashed line) and downtrend (red line). If we see price closed above last top that could indicate bullish movements in the future. On the other side, if we are going too see price rejection from mentioned points or even from this point, then before testing last bottom which could be new support (green dashed line) price could restest newly formed trend line (green line).





Price predictions that I drawn on the chart does not represent real prediction of the price in given time interval and does not show exact points where I think that price will go. It shows one of the possible price moving in general.

This is not financial advice and I am not a financial advisor. It is important to do your own research and make your own opinion before getting into any trades or financial investments. You are responsible for all your trades and all win and lose results, so manage your risk according to your financial situation. Don't invest money which you are not ready to lose.

Trade active:

It seems that price is continuing downtrend and it is possible that it will test uptrend line (green line).

Trade active:

Next week could be crucial for this setup. Price is now bellow resistance and very near to downtrend line.

Trade closed manually:

New update posted!