NASDAQ ANALYSIS 11-3-2021

Price broke major downtrendline
Price is based at resistance level 1 at 12995.0
Below SMA 100, SMA 200
MACD shows bullish momenutm
RSI is above level 50

First scenario: in case the price break resistance level 1 at 12995.0 and close above it on H4 
frame, it's recommended to open long trade to target resistance level 2 at 13330.0 then target
supply zone at level 13600.0

Second scenario: in case the price break support level 1 at 12720.0 and close below it on H4 frame,
it's recommended to open short trade to target support level 2 at 12310.0 then target demand zone
at level 12000.0

R3: 13600.0
R2: 13330.0
R1: 12995.0
Pivot: 12865.0
S1: 12720.0
S2: 12310.0
S3: 12000.0