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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🚀 I Trade Crypto, Stocks, Indices & Commodities on Bitbase | 1k+ pairs,Low fees,One account! Signup👉 bitbase.com/pro/TRADINGSHOT
💰Message me @ t.me/tradingshot for Account Management|+20% monthly profit| Min. capital $30k|Low Risk
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
