The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Red lines- bullish channel
Blue lines- Fibonacci retracement levels
Nasdaq is trading around 14,240. Price recently broke to new lower lows below the 23.6% Fibonacci retracement. As was expected by our previous posts, Nasdaq index is moving lower towards the key Fibonacci 38% retracement level at 13,945. Since the break out of the bullish channel we warned traders that Nasdaq index was vulnerable to a pull back. Price has started forming lower lows and lower highs over the last 3 months. We continue to be bearish NASDAQ as long as price holds below the recent high at 15,330.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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