Nasdaq has a strong gain yesterday and broke out of the short trend channel
i had marked.
Than there starts a real rally after 12:00 yesterday and today
we are in a consolidation mood.
Of course still Long.
It will be interested to see whether the Nasdaq will hold these
strong long trendline ( i have marked now in thick blue ) or not.
Than we have to check if Nasdaq brake down after the trendline break that or not.
But there are a lot of support zones which could hold them up at
at around 7205 and lower at around 7150
This level we knew had been resistance from 7.3.2019
and taken out yesterday.
So at the moment nothin elso than long is the setup.
Dont made the mistake and go short if Nadaq breaks the trendline.
That would only shows us that the strongest way of these rally
maybe has been done now.
--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
i had marked.
Than there starts a real rally after 12:00 yesterday and today
we are in a consolidation mood.
Of course still Long.
It will be interested to see whether the Nasdaq will hold these
strong long trendline ( i have marked now in thick blue ) or not.
Than we have to check if Nasdaq brake down after the trendline break that or not.
But there are a lot of support zones which could hold them up at
at around 7205 and lower at around 7150
This level we knew had been resistance from 7.3.2019
and taken out yesterday.
So at the moment nothin elso than long is the setup.
Dont made the mistake and go short if Nadaq breaks the trendline.
That would only shows us that the strongest way of these rally
maybe has been done now.
--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
