Towards the end of last week have have seen NASDAQ take a small retracement before pushing further to the upside
We can see on the 1H timeframe that the price has retraced to the Fibonacci 0.618 zone and bounced back , I'm expecting the price to continue to at least 13570 before it will short downwards or break through the previous high and carry on long.
Price is also currently trading above the 200EMA & 50EMA on the daily and 4H time frame also with the price bouncing from 26 on the RSI scale supports my ideal that the price will continue in a uptrend and we would see it at the resistance level by the end of this coming week
We can see on the 1H timeframe that the price has retraced to the Fibonacci 0.618 zone and bounced back , I'm expecting the price to continue to at least 13570 before it will short downwards or break through the previous high and carry on long.
Price is also currently trading above the 200EMA & 50EMA on the daily and 4H time frame also with the price bouncing from 26 on the RSI scale supports my ideal that the price will continue in a uptrend and we would see it at the resistance level by the end of this coming week
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