The Nasdaq retests the long term bullish structure

The Nasdaq retests the long term bullish structure

The Nasdaq crashed yesterday 5.30% to a massive key level in confluence with the retest of the mid term bullish structure, the 61.8 of the last rally and the 1.618 of the last leg up of the rally.

Hidden bullish divergence detected.

Should price break the current high (2 hour candle high) we should be long for at least the retest of 13500 level.

holding to all-time highs is a better option since the last 6% plus pullback triggered an 18.25% rally for more than 2 months.

Validation Level: 13085
Invalidation Level: 12885

BIG level to watch for first profits is the 13300 level

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Author : Orlando Gutierrez

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