NASDAQ Finding Resistance on Previous Level of Support?
The following marked set up is available for a good trade to the down side if the marked levels of previous support on 240 provide a good level of resistance. Note also the being tested by the current candle on 240. If the test fails, the the Shooting Start will remain shining, providing light for a good move down south. This Shooting Start is also appearing at Fib 23.6, a traditional level of resistance during a deep retracement. There is also a formation on the 60 world. If this stands the current testing, we are set up for a good run.