NASDAQ LBLS study -Important point to Check before trade

2 gen 2020

This idea is based on the LongBuyLongSellIndicator Script. You may find the script here click

Current price is near 107 ,there is no doubt that NASDAQ trying to make Higher and Higher as it has been in green for several candles .Thanks to LongBuyLongSellIndicator showing the green candles with no red in between though there was small downs.

Before making any move higher than 109 and above the price drop must happen and it will touch the 105 level. Check the yellow line drawn along with the price moves that clearly shows the down trend is need of the hour.

Be cautious before making any bull trade . A small fall is expected before any bullback is happening.

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2 gen 2020

Nota

Same applicable to N100 as well
tradingview.com/chart/akfpLkZR/