NASDAQ one more up day and then down if pattern holds

١٢ نوفمبر ٢٠٢٠

Sorry for all of the trend lines, but focus on the pink ellipses and the path arrow. It has the makings of the same pattern as last rally. So bearish, I know. I just can't help it. At least I was right about today's rally to close the gap. Maybe I should be a bull, seems easier (just assume up).

In case you want to know where I get all of those trend lines from.

١٢ نوفمبر ٢٠٢٠

ملاحظة

FYI, that peak also lands right at the 12,000 level, which has been a major S/R line.

١٢ نوفمبر ٢٠٢٠

ملاحظة

It is also a 0.618 fib retrace level

١٢ نوفمبر ٢٠٢٠

ملاحظة

Chugging right along

١٢ نوفمبر ٢٠٢٠

ملاحظة

Kind of a let down.

١٦ نوفمبر ٢٠٢٠

ملاحظة

Remember this ugly chart.

١٦ نوفمبر ٢٠٢٠

ملاحظة

I guess we will find out tomorrow.