NASDAQ - The Pennant

OANDA:NAS100USD   US Nas 100
It's still not too late to enter this trade. I'm still waiting for a 8500-9000 NAS100USD by the beginning of summer. Maybe even earlier.
I see many people waiting for a re-test of the previous low at 6150$. This is not going to come. We had an ICL at 6150 and those are not used to be tested back.

Right now we are printing a pennant pattern. The pennant's target price is at 7553.9.
7030 will trigger a panic buying. At the break of the previous high will pull in the whole bull horde into this trade:
everybody and his dog will be buying stocks. So I suggest to get in now, or at least at the breakout of the range.
If you wait too much you will be just chasing the price.

This is a unique opportunity. Comes only once in every 10-15 years.
Don't get left behind : if the train leaves the station the next vehicle might be a spaceship 15 years later.
Comment: Are we breaking out from the range finally?
MACD crossed over above zero.
Comment: Breakout of the range and a new high.
Weekly maximum close will be
Comment: I would like to stress again this is the greatest opportunity of this year and maybe this decade.
Comment: One could add when RSI gets oversold on the hourly.
There might ormight not be a testback of the range.
I think the chance is slim for that.
Comment: So we couldn't test back the range.
It's an extremely powerful rally. I think when the triangle breaks out new highs are coming . This is the last pattern before the fireworks start.
Comment: Panic buying above 7032:
Comment: Nas100USD broke out leading all the indices.
Comment: We rallied 1000 points in 4 weeks. The big money was in this trade. Not gold not oil not miners. Nasdaq. And it’s just starting.
Comment: This is the point where you can add or enter at the breakout.
Comment: So far so good:
Comment: Just in case if we are whitnessing a dotcom like parabolic stage I will post a new idea (Title:Boiler room)where the entry will be this backtest at 7030. I will try to take profit at or near at the parabolic top later ar the end of this year. This pennant idea will be closed once we hit 7553.
Comment: If a parabolic stage is evolving the top can be anywhere between 9000 to 15.000. I know most of you is saying now Im crazy. Keep in mind what happened in Bitcoin.
Tricky triangle. I dont buy this breakout.
Trade closed manually: 159 points of profit.
I'm tempted to SHORT over the next few days.
Nice trade.. I agree, cash out and wait for your next wave
Excellent Arpi.....Also I appreciate all your hard work ..Thanks
I agree. I closed out in deep profit yesterday. The gaps up look like exhaustion gaps. I'm confident we are going to get another crack at this new bull.
Hello? Can you please share your thoughts on where you think from here/this recent fall? Thank you.
How much profit do you left now?
@chartwatchers 600 points from the top. Worth mentioning?
suli rafalo
@rafalo, well whenever it goes against him he is quiet.
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