NASDAQ Wait for the right sell entry at the top of the Wedge.
Nasdaq is rising after the price found Support at the bottom of the Falling Wedge.
It is approaching the MA200 (4h) but the technical Resistance is inside the 0.618 Fibonacci level and the Falling Resistance.
Trading Plan:
1. Sell at 15170 (Fibonacci 0.618).
Targets:
1. 14900 (pull back to the MA50 4h).
Tips:
1. Only a crossing over Resistance (1) can restore the bullish trend. Until then the index may even turn sideways inside a Rectangle for a while.
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Notes:
Past trading plan:
It is approaching the MA200 (4h) but the technical Resistance is inside the 0.618 Fibonacci level and the Falling Resistance.
Trading Plan:
1. Sell at 15170 (Fibonacci 0.618).
Targets:
1. 14900 (pull back to the MA50 4h).
Tips:
1. Only a crossing over Resistance (1) can restore the bullish trend. Until then the index may even turn sideways inside a Rectangle for a while.
Please like, follow and comment!!
Notes:
Past trading plan:
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Feragatname
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