Did we saw a NASDAQ high for the 2009-2021 cycle?
NASDAQ has been rejected from the long-term strong upside resistance confluence 15700. A break above this level is now required for the upside reversal and a test of 16670 which is also a 161.8% expansion of the Fibonacci 2009-2021 downside swing.
The weekly chart shows that the instrument is reversing ard from the resistance wedge confluence and it could reach critical key downside reversal level 15000 soon.
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On a daily chart, we can see that the Already a member? This article is so good, it’s for premium members only.
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We have used the combination of the top-down trading analysis to get these key levels explained in the charts. Also, you have the chance to see Elliott Wave and price action analysis together in action along with the Andrews Pitchfork channel tool. If you want to learn the trading strategy that will give you immediate results in your trading register for Live Training Mentoring.
