Nasdaq (NDX) has made a strong V-shaped recovery on its 1D MA100, as projected on our previous analysis and is extending the uptrend above the 4H MA200 (orange trend-line).
The rally may need a relief pull-back towards its 4H MA50 (blue trend-line) but technically, the seasonal end-of-the-year 'Santa Rally' is already underway.
V-shaped recovery and Inverse Head and Shoulders patterns typically target their 2.0 Fibonacci extensions. That is currently at 26600.
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The rally may need a relief pull-back towards its 4H MA50 (blue trend-line) but technically, the seasonal end-of-the-year 'Santa Rally' is already underway.
V-shaped recovery and Inverse Head and Shoulders patterns typically target their 2.0 Fibonacci extensions. That is currently at 26600.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices, Commodities on PrimeXBT— all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
💰Message me for TradingShot Account Management| +20% monthly profit| Min. capital $30k| Solid risk-management
💰Message me for TradingShot Account Management| +20% monthly profit| Min. capital $30k| Solid risk-management
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。