chartwatchers
Long

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:
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.
Comment:
Tricky triangle. I dont buy this breakout.
Trade closed manually: 159 points of profit.
I'm tempted to SHORT over the next few days.
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Nice trade.. I agree, cash out and wait for your next wave
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Excellent Arpi.....Also I appreciate all your hard work ..Thanks
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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.
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Hello? Can you please share your thoughts on where you think from here/this recent fall? Thank you.
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WHERE'S ROBIN HOOD?!
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How much profit do you left now?
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@chartwatchers 600 points from the top. Worth mentioning?
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suli rafalo
@rafalo, well whenever it goes against him he is quiet.
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