Nasdaq (NDX) has formed a 10-day Channel Up on the 1H time-frame, currently supported by its 1H MA200 (orange trend-line) directly below it.
Having made a Higher High yesterday, the pattern should now make its new Bearish Leg towards the 1H MA100 (green trend-line) and the 0.5 Fibonacci retracement level, which is where the first Bearish Leg corrected.
As a result, our short-term Target is 24450. Keep an eye also on the 1H RSI Buy Zone, which gave the last three most effective buy signals.
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Having made a Higher High yesterday, the pattern should now make its new Bearish Leg towards the 1H MA100 (green trend-line) and the 0.5 Fibonacci retracement level, which is where the first Bearish Leg corrected.
As a result, our short-term Target is 24450. Keep an eye also on the 1H RSI Buy Zone, which gave the last three most effective buy signals.
---
** 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. **
---
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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💰Message me @ t.me/tradingshot for Account Management|+20% monthly profit| Min. capital $30k|Low Risk
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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。