Nasdaq Daily Chart:
Giving it a first try,
I am currently looking and calculating all on the Covid March low of last year, as I think if shit goes down, this is the low to go with.
So, we had a first impulse move to the upside into the consolidation range of 10600 - 12200, where we broke out again, currently trading almost at the exact target of the consolidation range broken. 1st hint.
12200 and 12900 are our last local lows to play with, and as long as we trade above them we should be able to reach 15k on a yearly R1 Pivot target. If we start to break below 12900 we probably will retest 12200, where we could form some kind of a double bottom for a move higher again. If 12200 is broken, we will retest 10600 and if this is broken well.... 9770, 8650, 6610. (which will probably take some more years)
but you get the bigger picture.
So, my plan for the weeks to come is, to be long above 12900 looking for 15k. If 12900 does not hold, I will long 12200 and so on.
Giving it a first try,
I am currently looking and calculating all on the Covid March low of last year, as I think if shit goes down, this is the low to go with.
So, we had a first impulse move to the upside into the consolidation range of 10600 - 12200, where we broke out again, currently trading almost at the exact target of the consolidation range broken. 1st hint.
12200 and 12900 are our last local lows to play with, and as long as we trade above them we should be able to reach 15k on a yearly R1 Pivot target. If we start to break below 12900 we probably will retest 12200, where we could form some kind of a double bottom for a move higher again. If 12200 is broken, we will retest 10600 and if this is broken well.... 9770, 8650, 6610. (which will probably take some more years)
but you get the bigger picture.
So, my plan for the weeks to come is, to be long above 12900 looking for 15k. If 12900 does not hold, I will long 12200 and so on.