NASDAQ Bearish Engulf May Drag Price Towards Rising Trendline... för OANDA:NAS100USD av BullBearMkt

supportandresistance fractal economiccycle nasdaq nasdaq100

As observed after April 2021 price breaking swing high, price pullback to re-test the high of March '21 swing low. Similar scenario seems to be playing out. Nasdaq ended last 2 trading week creating a bearish engulfing candles. These potentially can drag price down towards the trendline and price re-testing the high of Sept/Oct 21 swing low...

N.B
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-ALWAYS Use Proper Risk Management In Your Trades

A Close Below Indecision Candle Will Cause NASDAQ PB To Its Mean

Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...

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