Usstocks
NASDAQ MOVING INSIDE A GROWING CHANNEL & NOW ON RESISTANCENas100 is following a growing channel where we have seen some nice bullish impulses forming to the upside. The price has reached the resistance area and here we have seen a slowdown in the pace of bullish sentiment while lower timeframes are following neutral and bearish momentum right now. Here with the 5th impulse, we are expecting a bearish trend to form following the sell-zone or resistance which can revisit the lows at 11450. Any chance of a bullish breakout on the resistance will invalidate the setup.
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