Looks as if Nasdaq could be getting ready to explode to the upside.
Waiting for daily counter trendline break bullish. Sellers appears to be loosing steam to push price further down causing the build-up. Daily wick rejections around price 11881.
1 Hour time frame ascending triangle formation (bullish structure) + divergence accuring at most recent lower lows.
Waiting for confirmation before looking for entries.
Daily targets marked on chart as potential target areas. No Fibonacci drawn yet as no new daily high formed at this point.
Waiting patiently...
Waiting for daily counter trendline break bullish. Sellers appears to be loosing steam to push price further down causing the build-up. Daily wick rejections around price 11881.
1 Hour time frame ascending triangle formation (bullish structure) + divergence accuring at most recent lower lows.
Waiting for confirmation before looking for entries.
Daily targets marked on chart as potential target areas. No Fibonacci drawn yet as no new daily high formed at this point.
Waiting patiently...
Time to look for buying opportunities.
1 Hour time frame ascending triangle broke bullish, waiting on retest then for potential buying opportunity