NASDAQ failed to hold trendline will test deeper levels
Hi traders,
since the nasdaq failed to hold the uptrend and also failed to stabilize at the 0.786 fib level from the uptrend started in January this year, I see nasdaq testing 12k levels again with the next supports at 12.200 and 0.618 fib slightly above 12k. Next, the 4H 200MA, currently at 11.900 can be tested again. Personally, I expected some bounce around 12.200 and around the 12.000 - 12.050 levels
I wonder what you think of that idea. This is no trading recommendation!
since the nasdaq failed to hold the uptrend and also failed to stabilize at the 0.786 fib level from the uptrend started in January this year, I see nasdaq testing 12k levels again with the next supports at 12.200 and 0.618 fib slightly above 12k. Next, the 4H 200MA, currently at 11.900 can be tested again. Personally, I expected some bounce around 12.200 and around the 12.000 - 12.050 levels
I wonder what you think of that idea. This is no trading recommendation!
Trade geschlossen: Ziel wurde erreicht:
First Target 12.200 reached. I will take some profits here and adjust the SL