Pay attention to Nasdaq!
An engulfing daily candle is forming.
If the day ends above 12780-12720, it will confirm the engulfing candle.
A simple way to see:
- The Pivot zone is a monthly pivot, and it is where the price reached yesterday, if today it confirms it and ends up bearish, it means that it found a good resistance in the PIVOT, therefore the price should fall to its next support (12485)
And where do I come in?
1. We must be careful if when reaching the support it is going to stop, and it will rise again, then it is a good sign, and it should go back up to the pivot point.
2. It does not stop at the first support, then the price could fall to the second support. (12060 - 12000)
This is my favorite point, since the market likes round numbers.
3. If you break the second support, you can go quietly to 11363, this is where the third monthly support is.
Best of luck to all investors / copiers. Very interesting and exciting weeks will come for the market.
An engulfing daily candle is forming.
If the day ends above 12780-12720, it will confirm the engulfing candle.
A simple way to see:
- The Pivot zone is a monthly pivot, and it is where the price reached yesterday, if today it confirms it and ends up bearish, it means that it found a good resistance in the PIVOT, therefore the price should fall to its next support (12485)
And where do I come in?
1. We must be careful if when reaching the support it is going to stop, and it will rise again, then it is a good sign, and it should go back up to the pivot point.
2. It does not stop at the first support, then the price could fall to the second support. (12060 - 12000)
This is my favorite point, since the market likes round numbers.
3. If you break the second support, you can go quietly to 11363, this is where the third monthly support is.
Best of luck to all investors / copiers. Very interesting and exciting weeks will come for the market.