As i described in the last post Nasdaq is now trading in these
Down trend channel i marked in red lines-
In these short channels bullish revovery is normal
even up to the upper trendline.
Some of the blue marked resistane zones has haltet the downtrend
for today.
In my 1 Hour trading System there has been some long signals
as we had today higher prices at the end of some 60 minute bars.
Bar by bar counted.
But thats important only for intraday daytrading.
In these posts here i try to give you an overview with little bit
longer timefreme than as we have in our1 Hourr trading system
Of course that is also very successfull , but its not possible to post the signals here , for that posts here in these forum are not quick enough
So under the line, Nasdaq is still a short setup but we we check the short
channel prices for next trading day you are able to see , that even if there will be NO furth fall down,
NASDAQ has a chance to go sideways out of the channel at around the 7030 - 7070 aerea.
Any break of these red channel upper trenline at end of a 1 Hour chart should
motivate you to buy back a short position.
If Nasdaq goes to 7060 and turns down again stay in short.
Down trend channel i marked in red lines-
In these short channels bullish revovery is normal
even up to the upper trendline.
Some of the blue marked resistane zones has haltet the downtrend
for today.
In my 1 Hour trading System there has been some long signals
as we had today higher prices at the end of some 60 minute bars.
Bar by bar counted.
But thats important only for intraday daytrading.
In these posts here i try to give you an overview with little bit
longer timefreme than as we have in our1 Hourr trading system
Of course that is also very successfull , but its not possible to post the signals here , for that posts here in these forum are not quick enough
So under the line, Nasdaq is still a short setup but we we check the short
channel prices for next trading day you are able to see , that even if there will be NO furth fall down,
NASDAQ has a chance to go sideways out of the channel at around the 7030 - 7070 aerea.
Any break of these red channel upper trenline at end of a 1 Hour chart should
motivate you to buy back a short position.
If Nasdaq goes to 7060 and turns down again stay in short.
