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Nasdaq - Shifting back bearish?

US 100 Index (TVC:NDQ)  
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TVC:NDQ   US 100 Index
Chart Patterns Trend Lines Beyond Technical Analysis nasdaq indicessignals NASDAQ 100 CFD tradingsetup nasdaq100 channeltrend nasdaqidea breakandretest stockmarketanalysis
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chartpattern trendline beyondta nasdaq indicessignals nas100 tradingsetup nasdaq100 channeltrend nasdaqidea breakandretest stockmarketanalysis
Hello Traders and Investors, today I will take a look at the Nasdaq.

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Explanation of my video analysis:

For over a decade the Nasdaq has been trading in a pretty obvious rising channel formation. We saw the last retest of support in 2022 which was followed by an enormous +70% rally towards the upside. Considering that the Nasdaq is now retesting the upper resistance, there is a quite high chance that we will see at least a short term correction lower before the Nasdaq will follow its overall uptrend.

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Keep your long term vision,
Philip (BasicTrading)
Kommentera:
Actually also NDQ is perfectly following the prediction mentioned in the analysis.

Just be patient and focus on the higher timeframes - setups will eventually come:

snapshot
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Keep your long term vision.
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