Market Analysis of NSDQ on Thursday 3 August 2023

2023-08-03 19:18Source:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW    

 NSDQ  is running in negative  trend  . Wave 1 and wave 2 completed and wave 3 or wave c is going on presently and it is looking for 14917 target  .Stop loss is 15500 and   it can fall directly for 14917 target in form of wave c or wave 3 shown on graph. Immediate resistance are 15380 to 15464 levels marked by red box in graph.

 QUICK FUNDAMENTAL LOOK                                                                     

Wall Street ends down, investors step back after Fitch US rating cut,Fitch downgraded the United States to AA+ from AAA late on Tuesday, citing expected fiscal deterioration over the next three years as well as growing government debt.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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