TheCryptagon

NASDAQ May be entering a short term correction wave

CAPITALCOM:US100   US 100
Nasdaq / NDX / US100 is near the top of the 6 month Channel Up.

Since the middle of that pattern, it started to form a narrower Channel Up.

So far we have had 3 correction waves inside the larger Channel Up, each less aggressive than the previous.

The 1day RSI is forming a Rising Resistance pattern same with the previous in February 2nd that priced the peak of the Channel Up.

Sell if the RSI crosses under its MA line.

Buy a little over the 1day MA50. Target 15280 (Resistance A, High of March 29th 2022).


Previous chart:


Follow us, like the idea and leave a comment below!!

TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!

🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰

TELEGRAM: t.me/thecryptagon
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.