Nasdaq Bounce from L-MLH
What a drag yesterday.
The red Fork gives us very good context.
We see how price reacted two times at the Center-Line.
Then came the "Flush" throu the CL with no pull-back.
No Mercy!
This move brought us down to the Lower-Medianline-Parallel. From here price starts to bounce.
It's also a level where NQ had support (see left side).
So far, divergence with the RSI is confirming a good potential for a bounce.
But I don't believe in this support, until we break the downsloping "Change In Behaviour" line. Price must prove that is has enough strenght.
If this CIB line gets broken, I expect a pullback to it.
This would be the level where I would stalk a long entry, with a target at the Center-Line.
Happy Hump-Day Tr8dingN3rds
The red Fork gives us very good context.
We see how price reacted two times at the Center-Line.
Then came the "Flush" throu the CL with no pull-back.
No Mercy!
This move brought us down to the Lower-Medianline-Parallel. From here price starts to bounce.
It's also a level where NQ had support (see left side).
So far, divergence with the RSI is confirming a good potential for a bounce.
But I don't believe in this support, until we break the downsloping "Change In Behaviour" line. Price must prove that is has enough strenght.
If this CIB line gets broken, I expect a pullback to it.
This would be the level where I would stalk a long entry, with a target at the Center-Line.
Happy Hump-Day Tr8dingN3rds
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.