I’m still sensing bullish momentum on Nasdaq. My expectation is for price to retrace back into this week’s NWOG before making a push toward last week’s NWOG and the 1-hour gap at 23,583.00. There’s also a possibility we dip to fill the gap at 23,400.00 first, but if that scenario plays out, I don’t see price maintaining its bullish momentum afterward.
On the weekly chart, price continues to strongly respect the Bullish OB formed in the first week of August. As long as this level holds, I expect momentum to carry us higher in the near term.
We'll see tomorrow morning⚡
On the weekly chart, price continues to strongly respect the Bullish OB formed in the first week of August. As long as this level holds, I expect momentum to carry us higher in the near term.
We'll see tomorrow morning⚡
Trade active
Trade closed: target reached
Trailing Hit for 599 ticks⚡
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.