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- trend line (broken)
NASDAQ has broken above the red downward sloping trend line providing a new bullish signal. Price continues its vertical rise from the 14,045 lows. Short-term trend remains bullish as price is making higher highs and higher lows. Is this upward trend sustainable? Most probably not, but recent price action suggests that we should expect more upside the coming weeks, specially if price pulls back and form a higher low. Chasing the market in fear of missing out is never a good strategy, so traders should be patient and cautious. Eventually Nasdaq will make a pull back. In the 4hour chart the RSI has already started providing bearish divergence signals suggesting a pull back is very possible.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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