The NASDAQ fell after trying to push through the 4520 level on Tuesday. The resulting candle doesn’t look at negative, it just looks as if we are going to
The NASDAQ fell after trying to push through the 4520 level on Tuesday. The resulting candle doesn’t look at negative, it just looks as if we are going to continue to consolidate in this general vicinity. With this, we think that buying supportive candles is still the way to go but recognize that it might take a while to break out to the upside. Because of that, we are not overly excited one way or the other in this market, at least until we get above the 4520 level on a daily close, which of course has us buying and aiming for 4600.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
