Nasdaq broke the multi month ascending channel, and now seem to retest the zone where the channel broke in the first place, which is a good area for bears to enter the market with a good RR.
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Price has made a new high. How the market reacts at this level is critical. If bulls cannot sustain the price above the previous high, then the selloff could be dramatic. Let's watch.
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Uh oh! Bearish engulfing... Look out! Sign of bulls weakness...
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Clearly the bulls haven't stopped.
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Probably should wait a bit and let the market dictate the overall direction. I'm still leaning towards the bears.
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Bears have started to break important support levels.
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Big support broken.
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New month... maybe this is a sign of more buyers coming in... Patience is the name of the game on this one.
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New wave up?
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Guys, it's important to adapt to what the market is doing. I had already changed my bias and I posted it right here. The market does what it wants, just trade what you see and not what you want to see. I saw a new move up forming and I followed it.
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