NASDAQ COMPOSITE view

STOCK MARKETS 1 Minute

NASDAQ;COMPOSITE with its yesterdays low of (13,769) almost confirmed the (HARMONIC CHANNEL) breakdown.
1,more lower low either today or tomorrow would leave no questions on this breakdown.
Once this happens, it would completely break the momentum which MARKET have carried since MARCH.
it also would conform a significant TOP at JULY highs.
This matters alot because NASDAQ have contributed almost 85% of gains in U.S. MARKETS specially from MARCH lows. A lower low below (13,769) would certainly end this remarkable rally and change the medium term trend.
below (13,769) CHANNEL TARGETS would be (13,281) and (12,800),
Any recovery attempt is likely to fail drastically in zone of (14,050-14,250).

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Published by SAAHIL BELIM

MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt!

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