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TradingShot
Apr 5, 2023 7:25 AM

NASDAQ Is far from finished with this rallyΒ Long

Description

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Nasdaq has gone a long way since we called for a rebound on the 1D MA200:



The current rally within this Channel Up pattern that started in December is on its second Bullish Wave, supported by the 4H MA50 (blue trend-line) and is targeting at least the 13730 Resistance of the August 16 High.

The best level to buy during this run is on the Higher Lows trend-line of the RSI. A similar Higher Lows trend-line during the January bullish leg (note that both sequences started on a Double Bottom), gave 5 clear buy entries.


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Comments
DeGRAM
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Two thumbs up πŸ‘πŸ‘! Like it
tumomatong309
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What kind type of rsi is this and what are it's settings
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