Nasdaq hit Resistance A (15280) again and so far struggles to break it.
In accordance to three similar such patterns inside this year's Channel Up, the price may now pull back to a new 2 week low near the 1day MA50.
Buy this pull back and target 15500. The 4hour RSI holding its Rising Support, should favor this trade.
If the price closes under the 4hour MA50, sell and target the bottom of the long term Channel Up at 13800.
Previous chart:
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In accordance to three similar such patterns inside this year's Channel Up, the price may now pull back to a new 2 week low near the 1day MA50.
Buy this pull back and target 15500. The 4hour RSI holding its Rising Support, should favor this trade.
If the price closes under the 4hour MA50, sell and target the bottom of the long term Channel Up at 13800.
Previous chart:
Follow us, like the idea and leave a comment below!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.