Hello Everyone,
Nasdaq is currently in a rising channel, Last night it broke out of consolidation to the upside. I expect the price to continue going up to reach 16461, top of the channel, before coming back down to 16285, bottom of the channel, this area will be very interesting as this will be the fifth time its hit the bottom and I would expect it to break down pushing price down to 16165.
However, We can also get the opposite happening here where price breaks 16460 pushing price up to around 16600 making new highs.
Nasdaq is currently in a rising channel, Last night it broke out of consolidation to the upside. I expect the price to continue going up to reach 16461, top of the channel, before coming back down to 16285, bottom of the channel, this area will be very interesting as this will be the fifth time its hit the bottom and I would expect it to break down pushing price down to 16165.
However, We can also get the opposite happening here where price breaks 16460 pushing price up to around 16600 making new highs.