On the weekly chart, the Nasdaq came to value and rejected it with a hammer and huge volume (buying volume)
That is not a topping pattern yet, so a rally is likely.
Looking on the daily, the buy order should have been executed earlier. Candlestick on QQQ don't say much, but this is where my trade is because of margin requirement. Using a Nas100 chart, we can see a morning star signal
My stop is below 17.10.2014.
Price rejected the support area at 91.33, climactic volume on the Weis Wave, impulse is blue, and a candle signal from the CFD.
I am looking for 97$, and further up at 100$
Looking on the daily, the buy order should have been executed earlier. Candlestick on QQQ don't say much, but this is where my trade is because of margin requirement. Using a Nas100 chart, we can see a morning star signal
Price rejected the support area at 91.33, climactic volume on the Weis Wave, impulse is blue, and a candle signal from the CFD.
I am looking for 97$, and further up at 100$