HELLO GUYS,HOW YOU DOIN? nasdaq has been fluctuating between 15600-16700 for weeks and it seems that we are again touching the bottom .the price is on the daily 100 MA and 0.50 FIBO.indicators like rsi and stoch are in oversold area and macd is about to make a golden cross.chart pattern is more likely to act as a flag pattern.
if the price breaks the support we should consider the fibo levels as supports.on the other hand, higher fibo levels would be the resistence .
don't forget to assume stop loss and saving the profit each level.
wish you all the best and god ,it's great to come back!
if the price breaks the support we should consider the fibo levels as supports.on the other hand, higher fibo levels would be the resistence .
don't forget to assume stop loss and saving the profit each level.
wish you all the best and god ,it's great to come back!