Short

NASDAQ: 1 month Channel Down targeting 27900 (1D MA100).

Nasdaq has turned neutral on its 1D technical outlook (RSI = 46.409, MACD = -197.730, ADX = 28.577) as it hit yesterday its 4H MA50 and turned sideways. The recent rally is technically the bullish wave of the 1 month Channel Down and if the 4H MA50 breaks, it may extend as high as the 4H MA200 (between the 0.786-0.618 Fibonacci range as the prior bullish waves did). A rejection here however is highly likely as shown by the 4H RSI, which got rejected on its LH trendline. In either case, a new -5.49% bearish wave can make contact with the 1D MA100 (TP = 27,900).

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##

InvestingScope

I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts

Register here👉 investingscope.s.gy/PrimeXBT

Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope

Aussi sur:

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

InvestingScope

Aussi sur: