Nasdaq about to reverse?

12 thg 4, 2022

The bottom trend line is a copy of the top trend line, making up a parallel channel. It is not a coincidence that it turned around there.
Also, 2 trend lines on the lower time frames have been broken.

12 thg 4, 2022

Ghi chú

A closer look. First 4H candle in the making for quite some time.

12 thg 4, 2022

Ghi chú

Looking good. Just need to break this trend line.

12 thg 4, 2022

Ghi chú

Oil at major trend line about to reverse down?
Gold at smaller trend line about to reverse down?
Both of these scenarios could be very bullish for Nasdaq (and other stock indexes).

14 thg 4, 2022

Ghi chú

This really looks like the big trend reversal to me. I think we will reach 15k (5% up from here) by middle or end of next week. After that 16k (12% up from here).

14 thg 4, 2022

Ghi chú

A closer look

14 thg 4, 2022

Ghi chú

Let's see if this parallel channel bottom trend line and 14200 support holds. I think so.

14 thg 4, 2022

Ghi chú

Bounced for now but let's see what US opening results in.