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Underlying: NAS100
Time frame: 1D
I have noticed a divergence on the 1D chart for the Nasdaq. Currently price has been ranging upwards creating higher lows and higher highs, I have shaded the area to make this clear. On the MACD shown at the bottom of the chart you will see that it has been ranging too, however it has actually been going lower and lower. We could be about to see a breakdown in the Nasdaq to being it back into line. Keep a careful eye out on this one as it could be a huge winner!
Target is in the pink trading zone (previous support and resistance).
Underlying: NAS100
Time frame: 1D
I have noticed a divergence on the 1D chart for the Nasdaq. Currently price has been ranging upwards creating higher lows and higher highs, I have shaded the area to make this clear. On the MACD shown at the bottom of the chart you will see that it has been ranging too, however it has actually been going lower and lower. We could be about to see a breakdown in the Nasdaq to being it back into line. Keep a careful eye out on this one as it could be a huge winner!
Target is in the pink trading zone (previous support and resistance).