NASDAQ Analysis – 13.May.2024
NASDAQ Analysis: After examining the NASDAQ chart on a 4-hour timeframe, we observe that the price, after an initial correction from the 18250 area, has re-entered this zone and shown a negative reaction! As I mentioned in the previous analysis, the range from 18250 to 18340 is a very important supply area, and I expect the price to react to it! Now, if the price stabilizes below this Zone, after an upward movement to gather liquidity, we will likely witness a significant drop.
(This Post on TradingView)
Author : Arman Shaban
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