Friday, 28 October 2022

Nasdaq Composite Index: Reversed lower after hitting upside Cloud Chart resistance targets. Downside risk: 10649/10542!

 Nasdaq Composite Index: Reversed lower after hitting upside Cloud Chart resistance targets. Downside risk: 10649/10542! If these cloud support levels hold could see the rebound rally resume towards the upside. 

But the risk is still high since price action is still below the cloud and we need to see a breakout past cloud chart resistance for a rally to be confirmed on the 4H cloud chart.






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