Did an analysis on NASDAQ too this week, looks like it is bouncing off a nice support trendline at the moment.
I expect it to inch higher this week to complete this bat pattern.
When the bat completes, I will then look at other indicators to give me a clue on whether to short it, but right now, it is looking bullish.
Short term traders can consider going long from current levels towards 11000.
Good luck and good trading!
I expect it to inch higher this week to complete this bat pattern.
When the bat completes, I will then look at other indicators to give me a clue on whether to short it, but right now, it is looking bullish.
Short term traders can consider going long from current levels towards 11000.
Good luck and good trading!