Nasdaq formed a Golden Cross on the 4H timeframe today while turning bearish on the technical outlook (RSI = 40.347, MACD = 7.500, ADX = 49.160). This means that as it approaches the bottom of the Channel Up, it becomes an oversold buy opportunity. The former bullish wave targeted almost as high as the 2.0 Fibonacci extension. Our target this time is also a little lower (TP = 15,700).
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.