Nasdaq (NDX) has been trading within a Descending Triangle pattern and following a rebound on its 4H MA50 (blue trend-line) last Wednesday, it is rising towards its Resistance (pattern's Top).
As long as it stays below, there are stronger probabilities for a 1D MA50 (red trend-line) test at 29100. That is supported by the fact that the 4H RSI is currently on a similar Channel Down pattern that formed the June High.
If on the other hand the Resistance breaks, expect a symmetrical +8.61% total Bullish Leg like the previous one, targeting 32100.
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As long as it stays below, there are stronger probabilities for a 1D MA50 (red trend-line) test at 29100. That is supported by the fact that the 4H RSI is currently on a similar Channel Down pattern that formed the June High.
If on the other hand the Resistance breaks, expect a symmetrical +8.61% total Bullish Leg like the previous one, targeting 32100.
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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
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.