Kumowizard
Long

Bullish continuation in the wedge

FX:NAS100   NASDAQ 100 index of US listed shares
98 0 7
Weekly:
- Ichimoku bullish
- Heikin-Ashi buy signal from Tenkan and wedge support. haDelta and DM_Oscillator are both above zero line and turn up.
- MACD failed to cross down for now, but flat -> bulls must be cautious as this will lead to divergence.
- EWO             is bullish

Daily:
- Ichimoku is bullish , Chikou Span enters open space again
- Price up from 100wma, Kijun and spot Kumo support. Heikin-Ashi is bullish , but be careful, as haDelta is reaching relative high level, while price is getting close to 4990 wedge resistance
- EWO             moves higher

- Key supports: 4840 / 4775
- Possible resistance at 4995

The picture is bullish , but I don't see much upside. It is not a good risk/reward to chase a long entry at these levels.

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