NASDAQ
On the weekly chart, NasdaqScan last detected a sideways range retest in MARPS in the week of 16 Jun 2024.
Since 2019, NasdaqScan has found 2 sideways ranges in MARPS. Completed ranges lasted 980 days on average, from 847 to 1113 days. Of those 2, 1 broke upward and 1 broke downward.
The pattern: price breaks out below a long sideways range, the pullback back into the range fails, and price comes back to retest the low. Traders also call this a spring. NasdaqScan flags the weekly candle that makes the retest.
Weekly chart: each candle is one week of trading, and every date on this page is the week it falls in.
Gold dashed bands mark earlier sideways ranges, from their first swing to where they broke. Pick a range in the table below to zoom the chart to it.
| Range | Started | Ended | How it ended | Retest signals (week of) |
|---|---|---|---|---|
| 5 Dec 2021 | 22 Dec 2024 (1113 days) | Broke below the range at $3.76 | 16 Jun 2024 (BO accepted) | |
| 10 Nov 2019 | 6 Mar 2022 (847 days) | Broke above the range at $32.00 | — |
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Past patterns don't predict future price moves. This page shows what an automated algorithm detected and is not financial advice. Read the disclaimer.