Nice little chart on booking to watch.
Got the gap up serving as support, showing so already, indicated by the dashed line.
This is coming right into the 50DMA if we keep moving sideways.
The 2 hourly chart showing three black crows coming down, looking like likely movement to the downside in the immediate future.
Should be found by support at 50 DMA and will watch for reversal DOJIs and spinning tops to indicate reversal off this point.
If it breaks through the 50 DMA support will be looking at the next gap support shown by lower dashed line and this coming into the 200 DMA to find sturdy support on the bottom channel.
Previous recent highs as resistance and above that previous gap down indicated by solid white line as upper resistance.
Looking for a 61% retracement off our newly forming lows to the previous recent high as a sturdy target, right now looking around 1865 to be determined in coming days when we find reversal.
We’re also 5-6 days into a pull back cycle, typically these pull back cycles look to run 5-8 days before reversal.
#NASDAQ35000hat
Got the gap up serving as support, showing so already, indicated by the dashed line.
This is coming right into the 50DMA if we keep moving sideways.
The 2 hourly chart showing three black crows coming down, looking like likely movement to the downside in the immediate future.
Should be found by support at 50 DMA and will watch for reversal DOJIs and spinning tops to indicate reversal off this point.
If it breaks through the 50 DMA support will be looking at the next gap support shown by lower dashed line and this coming into the 200 DMA to find sturdy support on the bottom channel.
Previous recent highs as resistance and above that previous gap down indicated by solid white line as upper resistance.
Looking for a 61% retracement off our newly forming lows to the previous recent high as a sturdy target, right now looking around 1865 to be determined in coming days when we find reversal.
We’re also 5-6 days into a pull back cycle, typically these pull back cycles look to run 5-8 days before reversal.
#NASDAQ35000hat