Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
18 November
Nasdaq futures.
- * Emini Nasdaq breaks the neckline to a 2 month head & shoulders pattern at around 24850.
- * Yesterday we wrote: I think there is a greater than 50% chance of a confirmed break below this level sooner rather than later.
- * THIS BREAK WAS EXPECTED & IS AN IMPORTANT MEDIUM TERM SELL SIGNAL.
- * A break below 24600 is another sell signal & risks a slide to an excellent buying opportunity at 24200/24000.
- * Longs need stops below 23850.
- * Strong resistance at 24850/24950 & shorts need stops above 25100.
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Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk
Jason Sen, Director
https://www.daytradeideas.co.uk
20251118
