Since November, the price has been moving along an ascending channel and I think that in the near future it will continue to move in it. Now I expect the price to move to the support line - the lower level of the channel and further rise to the resistance line.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
@Lingrid, 😉 is not so difficult, because nas is on a range, on an uptrend (TF1h). Maybe soon a retrace, 13140 or 13020. And you have a bigger move downside on Us30 than on SPX. I know that the velocity of future pairs are very different, but nas is a good pair to trade. More dificult than spx? Yes for sure.
miketiger
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@Lingrid, i just found. You aready made that,
US100
joshywild103
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Question.. By lower level of the channel do you mean 3588.0 or 3820.0?