Nasdaq in downturn, wide channel possible


In the image, we can see that the price is just on the verge of the upward channel we set a few months ago. However, looking more broadly at the picture, the place marked with the arrow is the place where the price can reach. Then, when the price bounces from the marked place, we will update the channel to the new market conditions, and it will have a smaller slope account. I expect to reach the indicated place and plan to enter the long position there.


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Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: PL: By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: PL:

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