Nasdaq - To test significant confluence zone

12 juin 2022

Nasdaq is going to test a significant level. the level has some importance due the following reasons:

• Double bottom scenario - a recent low
  50% fib retracement from March 2020 to its all-time high.
  5
  

0-week EMA - this has prevented the index from free-falling on at least 3 occasions in the past.