NASDAQ price has experienced a bullish impulse, retraced to the 0.618 Fibonacci level, and has since moved back up to the 0.382 level therefore we can look for a potential long entry.
To do this, we should first identify a key resistance level that has acted as a barrier to price movement in the past. This level should be in close proximity to the current price level, and ideally should be a level that has been tested at least twice before.
Once the resistance level has been identified, we can look for a breakout above this level. If the price breaks above the resistance level and continues to rise, it may indicate that there is significant buying pressure in the market. This could provide a good opportunity to enter a long position according to the CPS Plancton's strategy rules.
To do this, we should first identify a key resistance level that has acted as a barrier to price movement in the past. This level should be in close proximity to the current price level, and ideally should be a level that has been tested at least twice before.
Once the resistance level has been identified, we can look for a breakout above this level. If the price breaks above the resistance level and continues to rise, it may indicate that there is significant buying pressure in the market. This could provide a good opportunity to enter a long position according to the CPS Plancton's strategy rules.
Comment:
confluence break