InvestMate💲 Nasdaq Reached A Strong Resistance Zone 💲

4 Feb 2023

💲 Nasdaq Reached A Strong Resistance Zone

💲 The nearest strong support zone: around the fibo level 0.236 of the downward wave.

💲 Nearest strong resistance zone: around the fibo level 0.382 of the downward wave.

💲 Technical environment:

📊 Moving averages: 50/50

📊 MACD: Uptrend

📊 RSI: Uptrend

💲 Nasdaq broke out beautifully from the levels I wrote about more than 2 weeks ago scoring an increase of more than 11%.

After reaching a strong resistance zone, I expect a deceleration of growth and the possibility of a correction, I do not think we will fall as far as the nearest support zone. I expect more of a flattening of the movement which will end with a continuation of growth to new local peaks.

💲 The scenario I'm playing out is to wait for the end of the correction, and join the continuation of the upward movement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀

5 Feb 2023

Catatan