USTECH100 gave a lower high on daily and faced rejecting from ema21 daily. It is heading towards 14450-14380. Break of this level will call 14100-14050
Multi Timeframe Analysis
Hint: Bullish direction after retracement
Recommendation: Confident long
Retrace to 14624 or the 61.8 fibonacci level then a skyward push, breaking the bearish 200 EMA. NASDAQ's strength is evident in the increasing VWAP and MFI despite a recent battery of Facebook and other tech stocks
MARKET ORDER RULES
Market order position upon...
nasdaq long,
reaching at its 50 level of fib,
wait for divergence and sl hunting at 50 level to enter in buy
place your sl below the divergence low and place tp above the previous high...
USTECH100 or NASDAQ100 is moving in a downward channel and yesterday it touched the lower line of channel and expected to move up to the upper line of channel you can buy and forget the trade with a stoploss of 14680/15650.
Good luck.
We can see the harmonic bat bearish pattern of the NASDAQ pair. Also the trade line resistance + wedge pattern has been created here, which is pointing towards
the sell. Which is indicating a fall in price from 15358 to 14836.40.
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If you like our this idea or have your own opinion about it, write in the comments section.
We will be glad .
Tech has gone into a melt up! The word on the block is that there are no more bears.
Well, loads of people are long in the market. Would you go long now?
When I look back to March 2020, the dip south seems soooo insignificant. We know that markets correct but we don't know when major corrections are going to happen.
What's driving the market? Some say it's...
