dlifestyletrader

Nasdaq: Weekly Forecast 20210613

Long
CURRENCYCOM:US100   NASDAQ 100
Nasdaq is potentially going to break a new high this week!

Currently, we are seeing a clear bullish wave forming and continuing towards the top of a rising wedge .

In my instances, the price is able to break out of the pattern and peak higher before ending the trend and into another pullback.

This week, we will buy the pullback, if any, at the beginning of the week and hold it till it at least reaches the top of the rising wedge around 14200.

Should the price breaks out of the pattern, we expect it to reach 14500 before making a turn.

Comments

I see something similar. My only concern are the US fundamentals that are due to come out this week, NAS tends to react strongly to them. If i end up entering it'll likely be with a small lotsize and tight-ish SL to minimise risk.
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