Nasdaq 100 ETF continues to trend upwards with lower highs and higher highs, a major challenge ahead at 121.88
Thursday's price action failed to break 118.68 in the daily time frame, a crucial point (critical support/resistance) in June, July, and September 2022, as marked on the chart.
Price closed as a Doji pattern, indicating indecision between the buyers...
This is just a top-up strategy for your Dollar Cost Averaging investment strategy.. when the index fund corrects 7%.. you buy. When it goes further down to 10%.. you buy.. When it goes further down to 15%.. you buy.. and so on. You get the point.
More often than not, these corrections begets another higher move breaking the price structure.
You probably think...
