Going to the 61.8°FIB (14359)?
That vertical black line is the pole of a bull flag. the one above is the copy of the lowest one (target around 14000)
Also we should be in the oversold area if nasdaq will reach the 14000, and even then hidden bearish divergence is created
When bears become bulls
Maybe we're in return to normal fase. but that fase can take a while.
In my opinion we had a melt up after the corona.
I know it's very hard to believe but still seeing the nasdaq going to the coronalow.
Patience will be the key.
That vertical black line is the pole of a bull flag. the one above is the copy of the lowest one (target around 14000)
Also we should be in the oversold area if nasdaq will reach the 14000, and even then hidden bearish divergence is created
When bears become bulls
Maybe we're in return to normal fase. but that fase can take a while.
In my opinion we had a melt up after the corona.
I know it's very hard to believe but still seeing the nasdaq going to the coronalow.
Patience will be the key.