🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
✨ Eagle eye: A long-term analysis of the Nasdaq from 2003 to 2021 shows that the market has achieved back-to-back higher high closings, followed by a one-third correction. This suggests the possibility of another bull run.
📆 Monthly: The market underwent a deep correction of 61% and is expected to close strongly in March with a big bullish momentum candle.
📅 Weekly: The internal bull structure is currently strong, and the 13764 area is an important price level to watch. If the price reaches this level, it could signal a significant announcement. Therefore, I am bullish on the Nasdaq and recommend monitoring this level closely.
🕛 Daily: The Nasdaq is currently extremely bullish.
😇 7 Dimension Analysis
🟢 Analysis Time Frame: Daily
1 Price Structure: The price structure of the Nasdaq is currently bullish.
2 Pattern Candle Chart: A flag continuation pattern is forming, with back-to-back momentum candles.
3 Volume: The volume is currently decreasing, indicating a correction is expected.
4 Momentum UNCONVENTIONAL Rsi: The Nasdaq's unconventional RSI is in a super bullish zone, above 60.
5 Volatility measure Bollinger bands: The Bollinger bands are touching the upper band, indicating full bullish volatility.
6 Strength ADX: The Nasdaq's ADX shows that the bull trend has just gained strength.
7 Sentiment ROC: The rate of change for the Nasdaq is the strongest compared to other indices.
✔️ Entry Time Frame: 4-Hour
Entry Time Frame Structure: The 4-hour chart indicates a bullish structure.
Entry Move: As per the analysis, a correction is expected, so it is better to wait until the price reaches our desired levels before entering the market.
Support Resistance Base: The mid-level of the move supports.
FIB: We will use the trend line breakout for entry.
☑️ Final Comments: It is advisable to buy when the correction is complete.
💡Decision: Buy
🚀Entry: 12713
✋Stop Loss: 12493
🎯Take Profit: 13600
😊Risk-to-Reward Ratio: 1:4.26
🕛 Expected Duration:
✨ Eagle eye: A long-term analysis of the Nasdaq from 2003 to 2021 shows that the market has achieved back-to-back higher high closings, followed by a one-third correction. This suggests the possibility of another bull run.
📆 Monthly: The market underwent a deep correction of 61% and is expected to close strongly in March with a big bullish momentum candle.
📅 Weekly: The internal bull structure is currently strong, and the 13764 area is an important price level to watch. If the price reaches this level, it could signal a significant announcement. Therefore, I am bullish on the Nasdaq and recommend monitoring this level closely.
🕛 Daily: The Nasdaq is currently extremely bullish.
😇 7 Dimension Analysis
🟢 Analysis Time Frame: Daily
1 Price Structure: The price structure of the Nasdaq is currently bullish.
2 Pattern Candle Chart: A flag continuation pattern is forming, with back-to-back momentum candles.
3 Volume: The volume is currently decreasing, indicating a correction is expected.
4 Momentum UNCONVENTIONAL Rsi: The Nasdaq's unconventional RSI is in a super bullish zone, above 60.
5 Volatility measure Bollinger bands: The Bollinger bands are touching the upper band, indicating full bullish volatility.
6 Strength ADX: The Nasdaq's ADX shows that the bull trend has just gained strength.
7 Sentiment ROC: The rate of change for the Nasdaq is the strongest compared to other indices.
✔️ Entry Time Frame: 4-Hour
Entry Time Frame Structure: The 4-hour chart indicates a bullish structure.
Entry Move: As per the analysis, a correction is expected, so it is better to wait until the price reaches our desired levels before entering the market.
Support Resistance Base: The mid-level of the move supports.
FIB: We will use the trend line breakout for entry.
☑️ Final Comments: It is advisable to buy when the correction is complete.
💡Decision: Buy
🚀Entry: 12713
✋Stop Loss: 12493
🎯Take Profit: 13600
😊Risk-to-Reward Ratio: 1:4.26
🕛 Expected Duration: