Nasdaq has been pulling back since the June 16th High, which was a HH on the Channel Up pattern, but this sequence isn't yet completed. The 1D time frame remains technically bullish (RSI = 62.049, MACD = 275.090, ADX = 32.676) but the price hasn't yet reached neither the bottom of the Channel Up nor the 4H MA50.
We remain short targeting that level (TP = 14,600) where we will turn bullish again (TP = 15,250) unless the 1D candle closes under the 4H MA50, in which scenario we will re-sell and target the 1D MA50 (TP = 14,300).
The 1D RSI however made a hit and rebound on the HL trendline that is in effect since December 28th 2022, so it is possible to see a rebound without going lower, so in that case only buy after the R1 breaks and target the R2 (16,000).
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We remain short targeting that level (TP = 14,600) where we will turn bullish again (TP = 15,250) unless the 1D candle closes under the 4H MA50, in which scenario we will re-sell and target the 1D MA50 (TP = 14,300).
The 1D RSI however made a hit and rebound on the HL trendline that is in effect since December 28th 2022, so it is possible to see a rebound without going lower, so in that case only buy after the R1 breaks and target the R2 (16,000).
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.