Nasdaq Outlook/ Possible Setup
Please give a thumbs up if you like this idea and let me know in the comments what you think.
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Nasdaq has been bouncing in a downward channel and it looks like a cup handle.
right now it there might be a possible double bottom followed by a breakout to the upside.
Keep in mind that the elections are upon us and that investors are hesitating to invest into NAS, DJ, S&P etc. so it could go either way.
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Trade safe, look for clear confirmation and have good risk management.
Let me know what you think.
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Nasdaq has been bouncing in a downward channel and it looks like a cup handle.
right now it there might be a possible double bottom followed by a breakout to the upside.
Keep in mind that the elections are upon us and that investors are hesitating to invest into NAS, DJ, S&P etc. so it could go either way.
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Trade safe, look for clear confirmation and have good risk management.
Let me know what you think.
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