Nasdaq - Starting The Final Parabolic Year!

Jan 28

Nasdaq (NDQ) is perfectly following the breakout:



Click chart above to see the detailed analysis👆🏻

Back in 2020 we already witnessed the channel break and retest, which was followed by a parabolic rally of another +50%. And in mid 2024, the Nasdaq again broke the channel trendline towards the upside, preparing the repetition of the parabolic rally which we saw four years ago.

Levels to watch: $30.000

Keep your long term vision,
Philip (BasicTrading)

Feb 5

Trade active

Trading update on Nasdaq (NDQ):



Click chart above to see the detailed analysis👆🏻

Again, every major or minor dip is immediately followed by new all time highs and bulls are not showing any weakness whatsoever lately. We obviously have the confirmed bullish breakout and an acceleration of the current uptrend is totally expected.

Levels to watch: $30.000

Keep your long term vision,
Philip (BasicTrading)

Feb 12

Trade closed: target reached

Trading update on Nasdaq (NDQ):



Click chart above to see the detailed analysis👆🏻

We are not seeing any weakness on indices at the moment. If the Nasdaq actually manages to create another new all time high and breaks above the lower timeframe resistance, this breakout will inevitably lead to the continuation of the rally going into 2025.

Levels to watch: $30.000

Keep your long term vision,
Philip (BasicTrading)