Long
NASDAQ: Near the bottom of the Channel up. Buy signal.
Nasdaq shows a mixed market sentiment following the lower than expected U.S. CPI with 1D technicals almost neutral (RSI = 55.764, MACD = 166.020, ADX = 32.663). The reason is that since the April 4th Top, the index has been trading sideways around the 4H MA50.
The price is getting closer to the bottom of the 1 month Channel Up pattern, hence a buy signal is flashing. At the same time the 4H RSI is approaching its HL trendline. The last teo times it did so after a 5.50%/6.00% rise, it was a buy opportunity. We are long and targeting the top of the Channel Up (TP = 13,550).
Prior idea:
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The price is getting closer to the bottom of the 1 month Channel Up pattern, hence a buy signal is flashing. At the same time the 4H RSI is approaching its HL trendline. The last teo times it did so after a 5.50%/6.00% rise, it was a buy opportunity. We are long and targeting the top of the Channel Up (TP = 13,550).
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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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.
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.