NASDAQ: Short term buy opportunity.

Nasdaq turned the 4H timeframe neutral (RSI = 45.569, MACD = 13.770, ADX = 42.721) as it hit the bottom of the Channel Up pattern, just under the 4H MA50. Given that the 4H RSI also hits its HL trendline, that becomes a strong buy opportunity on the short term.

There is also a HH trendline involved that has formed a Rising Wedge, so we set our Target on it and not based on the Channel Up (TP = 13,430).


Prior idea:


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