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$NDX / #Nasdaq | 4H Trade Setup Update ● Current Status: NDX has broken below VAL
1 year ago
3
$NDX / #Nasdaq | 4H Trade Setup Update
● Current Status: NDX has broken below the Value Area Low (VAL) with a bullish divergence.
● Technical Indicators: Falling Money Flow: Money flow is declining. Rising Momentum: Momentum is increasing. Stochastic RSI: Bottoming, indicating potential for upward movement.
● Outlook: Traders should monitor for support and potential reversal signals. The combination of bullish divergence, rising momentum, and bottoming stochastic RSI suggests a favorable outlook for an upward move despite the current break below the VAL. Exercise caution and look for confirmation of sustained upward momentum.
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