{"id":12008,"date":"2022-05-25T08:16:04","date_gmt":"2022-05-25T08:16:04","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12008"},"modified":"2023-05-10T08:18:12","modified_gmt":"2023-05-10T08:18:12","slug":"nasdaq-on-a-w-pattern","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/05\/25\/nasdaq-on-a-w-pattern\/","title":{"rendered":"NASDAQ on a W pattern."},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Nasdaq (NDX) has been trading within a Channel Down since its All Time High in late November. The 1D RSI has turned sideways since April 26 and that resembles the flat period of February 01 &#8211; March 14. That was a W formation that rebounded and reached the overhead Resistance upon its completion.<\/p>\n<p>We may form a similar W pattern again with the Resistance this time being around 13580, which is where the 1D MA50 (blue trend-line) currently is. A break below the recent Support though, would invalidate this pattern and most likely push Nasdaq to the 1W MA200 (red trend-line), which is the long-term Support and has been untouched since July 06 2010!<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/US100\/ydkYpWVS-NASDAQ-on-a-W-pattern\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/US100\/ydkYpWVS-NASDAQ-on-a-W-pattern<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Nasdaq (NDX) has been trading within a Channel Down since its All Time High in late November. The 1D RSI has turned sideways since April 26 and that resembles the flat period of February 01 &#8211; March 14. That was a W formation that rebounded and reached the overhead Resistance upon its completion. We<\/p>\n","protected":false},"author":611,"featured_media":12009,"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-12008","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\/12008","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=12008"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12008\/revisions"}],"predecessor-version":[{"id":12011,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12008\/revisions\/12011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12009"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}