{"id":11779,"date":"2022-01-31T10:56:32","date_gmt":"2022-01-31T10:56:32","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11779"},"modified":"2023-05-08T10:59:00","modified_gmt":"2023-05-08T10:59:00","slug":"nasdaq-channel-down-emerged-trade-the-rejection-or-break-out","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/01\/31\/nasdaq-channel-down-emerged-trade-the-rejection-or-break-out\/","title":{"rendered":"NASDAQ Channel Down emerged. Trade the rejection or break-out."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Nasdaq has suffered the most during January&#8217;s correction. The Lower Lows created a new Channel Down which we have to consider, despite having the 1D RSI make a rebound from oversold levels and a bottom formation similar to early October, mid-May and early March 2021.<\/p>\n<p>The 1D MA200 (orange trend-line) is the first natural Resistance. If the price gets rejected at the top of the Channel Down (Lower Highs trend-line), we&#8217;ll have a sell signal targeting the Lower Lows trend-line.<\/p>\n<p>On the other hand, a break above the Channel Down along with closing above the 1D MA50 (blue trend-line), will be a confirmation that the index has recovered the long-term bullish trend and will be a buy signal towards the Higher Highs trend-line with a rough technical target the 4.0 Fibonacci extension at 17515.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/US100\/uNiEOJGx-NASDAQ-Channel-Down-emerged-Trade-the-rejection-or-break-out\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/US100\/uNiEOJGx-NASDAQ-Channel-Down-emerged-Trade-the-rejection-or-break-out<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Nasdaq has suffered the most during January&#8217;s correction. The Lower Lows created a new Channel Down which we have to consider, despite having the 1D RSI make a rebound from oversold levels and a bottom formation similar to early October, mid-May and early March 2021. The 1D MA200 (orange trend-line) is the first natural<\/p>\n","protected":false},"author":611,"featured_media":11780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1639],"tags":[],"class_list":["post-11779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stockindices"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11779"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11779\/revisions"}],"predecessor-version":[{"id":11782,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11779\/revisions\/11782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11780"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}