Hello Traders, welcome to today's analysis of Nasdaq.
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Explanation of my video analysis:
For more than 13 years the Nasdaq has been trading in a decent rising channel. In the beginning of 2023 we saw a beautiful retest of the lower support and perfect confirmation so the recent rally of +70% was quite expected. If the Nasdaq now pulls back to the structure mentioned in the analysis, I am simply looking for bullish continuation setups from there.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Definitely headed for a repricing. Though if the rates are cut in March we are definitely seeing a dollar drop and a rally in futures.
This is a crazy year tbh.
basictradingtv
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@AaronGabula, yes, definitely a crazy year so far Aaron!
Kortecol
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Hi if i am trying to mimic your beautiful channel that doesn’t work it looks like it is curling. How does you create te settings to make such a channel?
basictradingtv
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@Kortecol, Hey Kortecol - it is probably because I am looking at the logharithmic chart (bottom right corner)
basictradingtv
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Smash that "Like" button if you think that a short term correction is inevitable! Keep your long term vision.
This is a crazy year tbh.