Hello everyone. Escalated geopolitical tensions between Russia and Ukraine has triggered massive sell-off on last Thursday and Friday.
Now, Nasdaq is approaching previous low again. How will the index react to the level is key to watch next week. If buyers couldn't defend the sellers, market is likely to further decline to 12200 where anchored vwap sits. In addition, abcd pattern also indicates 12200 is a possible support level.
What if the previous low manages to defend the sellers? I want to see high volume with thin spread candle formation or it's likely to be violated.
Frankly speaking, I don't believe the tension will eventually turn out to be a war. What do you think? Feel free to share your thoughts below.
Thank you for your support.
Now, Nasdaq is approaching previous low again. How will the index react to the level is key to watch next week. If buyers couldn't defend the sellers, market is likely to further decline to 12200 where anchored vwap sits. In addition, abcd pattern also indicates 12200 is a possible support level.
What if the previous low manages to defend the sellers? I want to see high volume with thin spread candle formation or it's likely to be violated.
Frankly speaking, I don't believe the tension will eventually turn out to be a war. What do you think? Feel free to share your thoughts below.
Thank you for your support.
plan your trade and trade your plan
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plan your trade and trade your plan
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.