Nasdaq 100 analysis on 28-02-2018

in nasdaq100 •  7 years ago 

Hello everyone,

Nasdaq 100 has not yet tested its ever high but it has formed a bearish engulfing pattern near its ever high.

nq.png

This price action signal can put this market in bearish trend for quite some time. If today close confirms this signal by closing below previous candle low then it can go down more to retest the trendline.

Have safe trading.

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