FX:NAS100 NASDAQ 100 index of US listed shares
Will NASDAQ move higher and reach 4850? Why not? We have up trend on the and we can try to make some profit. Price touched MA50 and a candle gives us a signal of possible price reversal. gives a signal for opening long trades. Entry level is above the high of the signal candle. Stop should be placed below the swing low. Profit target can be the possible reversal level 4850. Don't forget that this market is overbought and if price does not move above 4835, it will be better to close the trade.
Comment: Price moved lower and we'll need a new entry level.