Nasdaq is trading inside a Channel Down pattern after the August bullish wave failed to cross over the Falling Resistance of the July High.
The price is currently off a bounce at the bottom of the Channel Down and around the MA200 (1h), which makes it a buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15450 (top of Channel Down and Falling Resistance).
Tips:
1. The MACD (4h) formed a Bullish Cross on the same level as the Channel's prior Lower Low. An additional buy indication.
Please like, follow and comment!!
The price is currently off a bounce at the bottom of the Channel Down and around the MA200 (1h), which makes it a buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15450 (top of Channel Down and Falling Resistance).
Tips:
1. The MACD (4h) formed a Bullish Cross on the same level as the Channel's prior Lower Low. An additional buy indication.
Please like, follow and comment!!
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.