Nasdaq - The most important structure!

Oct 22

💰Nasdaq (NDQ) perfectly respects structure:

🔎Analysis summary:

Over the course of the past couple of months, the Nasdaq has been rallying an expected +50%. Still, until the Nasdaq will retest the upper channel resistance trendline, this rally won't be over. Therefore, we can still see a rally of another +10% in the very near future.

📝Levels to watch:

$25,000 and $30,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Oct 30

Trade active

💰Nasdaq (NDQ) still remains bullish:

🔎Analysis summary:

Yep, it seems like the Nasdaq is really unstoppable with all major tech stocks heading higher. Especially with the recent rally, the Nasdaq is quite overextended though. However, this does not mean that we will now see a major drop, just a short term correction.

📝Levels to watch:

$25,000 and $30,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Nov 7

Trade closed: target reached

💰Nasdaq (NDQ) can still head a little higher:

🔎Analysis summary:

Over the course of the past couple of days, the Nasdaq created a quite harsh correction. But whil the Nasdaq is still struggling to break above the $25,000 area, the path of least resistance is higher. A pullback is something bullish and new all time highs will come.

📝Levels to watch:

$25,000 and $30,000

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION