3 min readNASDAQ (NDX):
As discussed in yesterday’s live stream, I’ve been closely tracking the price action of the NASDAQ, particularly the internal ascending trend line we’ve been trading near. At present, the price is back below the all-time high, around $20,667.00.
A closer examination of the technicals reveals that the price has reached the 50% Fibonacci tool level, indicating a potential rebalancing before attempting to move higher. The RSI indicator currently shows no signs of the pair being “overbought” or “oversold,” making it challenging to predict the next move. If the structure breaks below the recent low of $19,900.00, I will reassess the situation to determine the next direction for price action.
Author
Risk Disclaimer Disclaimer: The content provided here is for informational purposes only. It is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results.
The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
