Nasdaq about to reverse?

12 Nis 2022The bottom trend line is a copy of the top trend line, making up a parallel channel. It is not a coincidence that it turned around there.
Also, 2 trend lines on the lower time frames have been broken.

12 Nis 2022

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A closer look. First 4H candle in the making for quite some time.

12 Nis 2022

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Looking good. Just need to break this trend line.

12 Nis 2022

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Oil at major trend line about to reverse down?
Gold at smaller trend line about to reverse down?
Both of these scenarios could be very bullish for Nasdaq (and other stock indexes).

14 Nis 2022

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This really looks like the big trend reversal to me. I think we will reach 15k (5% up from here) by middle or end of next week. After that 16k (12% up from here).

14 Nis 2022

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A closer look

14 Nis 2022

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Let's see if this parallel channel bottom trend line and 14200 support holds. I think so.

14 Nis 2022

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Bounced for now but let's see what US opening results in.