NASDAQ formed Higher Lows with the 1D MA50 being the key.

Nasdaq futures formed a new Higher Low within the long-term Channel Up on Friday and today (due to the Martin Luther King holiday) is naturally consolidating. This is still a bottom formation signal, as the very same Higher Lows pattern (green arrow) was previously seen in early October. That was a bottom formation with the 1D CCI sequences of then and now being identical. The confirmation for a rally will come once the 1D MA50 (blue trend-line) breaks as it happened on October 18.


** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **


Join Tradingshot's Account Management program!
*High monthly profit, +10000 USD accounts

💲 I am trading on PHEMEX the Best Crypto Trading Platform.

💰Claim up to $4100 sign-up bonus here ==>

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.