💲 Nasdaq First Signs of the End of the Bear Market 💲

5 févr. 2023

💲 Nasdaq First Signs of the End of the Bear Market

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

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

💲 Technical environment:

📊 Moving averages: Uptrend

📊 MACD: Uptrend

📊 RSI: Uptrend

💲 Price Action: Nasdaq from a slightly broader perspective looks like it is slowly waking up from a bear market. This can be seen by the number of tests around the current lows. The 11000 area has been tested so many times that the prospect of further declines in the long term seems very unlikely. For now, we have found ourselves at the first sensible resistance zone that can hold the price for some time. For more information, I refer you to my yesterday's post:

Looking at the last 2 years as a whole, it looks like we are in for a continuation of the uptrends we started in the coming months. I'm curious to see where investors will be able to pull the price in the perspective of the current year.

📈 The scenario I'm playing out is a continuation of the increases after a downward correction is made. 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. 🚀

6 févr. 2023

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