NDQ Oversold in the short term, will bounce this week
Before another large leg down.
According to trendline rules, when we have an overshoot of trend (in this case, overselling), expect prices to break out the other side, and possible reversal.
Although, I don't think this will lead to a reversal, after this week, I see another leg down.
🤙🏽
According to trendline rules, when we have an overshoot of trend (in this case, overselling), expect prices to break out the other side, and possible reversal.
Although, I don't think this will lead to a reversal, after this week, I see another leg down.
🤙🏽
Looking at the 15m, I think it could look something more like this, this week.