Price is too Overbought right now and below I'll try to convey my thoughts.
Nasdaq never extends more than 5-6% from its 21ema before a significant sell off .
The 21ema the white line
Let's start with Nasdaq rally from March 2020 lows unt Sept 2020
March 2022
August 2022
Feb 2023
June 2023
Also weekly candle is forming a hangman while completely outside Bollinger band.
After this aapl event this week I expect a pullback to Daily 21ema minimum.
Nasdaq never extends more than 5-6% from its 21ema before a significant sell off .
The 21ema the white line
Let's start with Nasdaq rally from March 2020 lows unt Sept 2020
March 2022
August 2022
Feb 2023
June 2023
Also weekly candle is forming a hangman while completely outside Bollinger band.
After this aapl event this week I expect a pullback to Daily 21ema minimum.
