NASDAQ Analysis – 11.Apr.2024
NASDAQ Analysis: By checking the Nasdaq index chart in the 4-hour time frame, we can see that exactly as we expected, the first price was accompanied by a slight growth and filled the specified FVG, And after that, the price faced a heavy fall and corrected it by more than 400 pips to 17860! As you know, this is a demand range, and for this reason, the price reaction to this range is positive! If the price can penetrate below 17760 in the short term, we can expect starting a Bearish trend in the medium term!
(This Post on TradingView)
Author : Arman Shaban
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