NASDAQ Free trading setup

٣ يونيو ٢٠٢٠

#NASDAQ #NQM2020 #1hr
- Here is NASDAQ 1hr chart. It recently broke the blue uptrend line below and dropped down making a low around 9505. After that it bounced right back up.
- This V shaped kind of patterns appear a lot these days where a lot of retail traders get mashed.
- Within 7 hours, if we see more bullish momentum, based on the top of the many channels, trendlines, and previous sideway volumes, we can expect some resistance at 9710~9735.
- On the other hand, if NASDAQ goes through more correction, we might expect some support at 9585~9605. However, entering long position at this area seems a little risky. When some more corrective wave structure gets formed, I will be updating.