NASDAQ trend lines, channels and fib levels

2020년 10월 12일

NASDAQ running strong in its trading channel. You can see it pulling away from the trend line and showing a lot of FOMO/MOMO. Still looks like it has room to run before some level of pull back.

2020년 10월 12일

노트

Is it going to stop at 12200? That is a key fib level of the March rally.

2020년 10월 12일

노트

Perfect candle wick through the fib level. My guess would be a double top to test and try to get touch the 0.854 level.

2020년 10월 12일

노트

Touched the 0.854 fib and broke down back to the 0.786 level, right on cue.