NASDAQ Finding Resistance on Previous Level of Support?
https://www.tradingview.com/x/xekf67vN/
The following marked set up is available for a good trade to the down side if the marked levels of previous support on 240 provide a good level of resistance. Note also the Bearish Shooting Star being tested by the current candle on 240. If the test fails, the the Shooting Start will remain shining, providing light for a good move down south. This Bearish Shooting Start is also appearing at Fib 23.6, a traditional level of resistance during a deep retracement. There is also a Bearish Engulfing formation on the 60 world. If this stands the current testing, we are set up for a good run.
The following marked set up is available for a good trade to the down side if the marked levels of previous support on 240 provide a good level of resistance. Note also the Bearish Shooting Star being tested by the current candle on 240. If the test fails, the the Shooting Start will remain shining, providing light for a good move down south. This Bearish Shooting Start is also appearing at Fib 23.6, a traditional level of resistance during a deep retracement. There is also a Bearish Engulfing formation on the 60 world. If this stands the current testing, we are set up for a good run.
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