NASDAQ Fibo Retracement? 06.03.2023

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NASDAQ Fibo Retracement? 06.03.2023 by BDSwiss_Academy on

The Index has been moving rapidly upwards and over the MA50.

This is an indication of Trend reversal and it will possibly move
upwards in the medium-run. However, it is estimated to move
as previously within a channel.

That is why it is expected that it will first return to the mean. Retracement
to the 61.8% of the total move is shown with the second green arrow.

It is important that for the retracement to take place, the price breaks all indicated support levels.

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