Nasdaq approaching what appears to be the end of a minute C wave. Coincides with a 1.236 extension of A wave. RSI behavior seems to confirm it is in a 5 of C. An upward acceleration from these levels may signal an intermediate pause in the bear market and turn this C wave into a wave 3.
Trade active
@ 13.30 EET (GMT + 3) We are trading @ 14887. Significant acceleration should occur under 14880.Trade active
Be aware that a break above 14920 opens the road for a rapid acceleration to 14990. 14880 remains key to the bearish case in the short term.Order cancelled
count denied
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.