Yukti_balalee

NASDAQ BEARISH OUTLOOK

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Yukti_balalee 已更新   
S&R theory ;

Nasdaq has clearly broke a key area of 13800 Zone all the way to 13300 zone , we can expect a retest back to the 13600 zone and a continuation back to the down side possibly back to the 12900 zone.

Indicator analysis :

If super trend line breaks below price we could expect a retest back to 13600-13700 zone before a continuation to the down side.

Intraday traders can look for possible short term buys for this week , however I will post this in my next analysis with possible entries during the live market.

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