About meInvestor, Trader, Mentor, Life Coach & a Psychiatrist. Trading Made Simple. Trade set ups are for shared learning. Trade your Plan. For regular alerts/to follow watchlist from my VIP Wealth Creation model portfolio PM me.
Nasdaq broke the initial trendline, struggled to get above it last week and now broke below the secondary trend line.
Likely to see lower prices or at least pause and consolidate for a while.
Manage risk position and risk exposure accordingly.
Nice cup with handle formation since Pre-Covid highs. Price broke out of handle buy point today.
Still within buy range - 'Actionable'.
Cup with handle breakout is a highly recognised, dependable, profitable trade set up.
Classic Bull flag breakout - Recent over 100% since March low, then a period of consolidation in flag pattern followed by gap up breakout unleashed rapid run in the recent days.
Sitting on nice profits on this one.
Those who took this trade are sitting on fat profits$$$
Encouraging Bullish Price movements in daily, weekly and Monthly charts (forming).
Fib retracement over the last many years, bullish divergence in Stochastic and base formation is all favourable signs.
Feel free to share your views and comments.