Nasdaq Not Over Yet !

Hi mates sharing a long view on Nasdaq as price break resistance (18350) and sustaining very well above and by the today's candle price breached the high of breakout candle too which is a good sign for resistance breakout so from here onwards i am looking some more upside movement in coming sessions friends. Traget meausured from the swing high to swing low made before this breakout and by the rising resistance line too and it seems logical too me.

Breakout retest- So as we can see that a proper breakout retest not happened so far after breakout which could provide the best entry as we can minimize our risk in any of trade by these type of retest entries as price earlier retested too it's breakout mentioned on provided chart, Rest i will update idea accordingly whenever needed and good to share anything about this publication.

This idea is meant for only educational purpose this not any kind of trading or investment advice.

Best Regards- Amit

Comment:

Hello guys as we can see price is marching continously in upward direction after published breakout reached 18900 from 18680 levels when i published this idea so as i mentioned in idea that breakout retest is pending so i marked a secondary support on chart which is placed at 18620 levels just above the marked resistance in idea so might possible that price will not go for a proper breakout retest and can show a early bounce from this fresh marked support level. Thanks for reading supporting my idea mates

Comment:

Hello mates updating this idea regarding above update, shared so in above i shared a support yesterday price go below that support line but did not close below and respected that support line nicely and in today's session price performing very well after that bounce friends.

One more important thing i want share that after published breakout highest closing on one day time frame was 18748 on last Wednesday and currently price is trading above that close so today if price will close above previous highest close will consider as a fresh breakout and it will give more strength to price and published breakout as closing are the most important part in trading.

Thanks for Reading and supporting my idea mates

Comment:

Hello trading community, friends and mates so sharing an update as i mentioned in update above that if price will close above 18748 will consider as fresh breakout so on last session price successfuly closed above which was recent swing high on closing basis too after published breakout and i assume this will give more strength to price in coming sessions.

One more thing i want to share on weekly chart and that is we got an highest weekly closing ever which is above on a recent swing high top too indicating the buying intact in current scenario as in technical analysis the closing are the most important part so this swing high top which earlier was a resistance could be act as a support now according to support and resistance mechanism, Sharing weekly chart below

Comment:

Breakout Retest Update- Hello mates hope all are you doing good so sharing here a breakout retest as we can see price retest it's breakout point and bounced from there and did a proper retest as mentioned in idea description too, Once in intraday session on last trading session price had gone below but did not gives a close below there now from here if price will sustain above 16650 we can see a fresh momentum towards recent swing high 18950 because that are will act as a main resistance now for price. Thanks for reading and supporting publication mates