NASDAQ - FED RELIEF RALLY ✨

Following on from our last post, we are seeing the wave B decline and almost at completion. We are anticipating the next wave C during the FED rate decision on March 16th. Depending on what they decide on how to deal with the balance sheet, we may see a nice relief rally.

The area to look for a bounce is the recent structure level at 13,000. If we move below that structure level, we're looking at 12,000 - 12,600 level for a bullish reaction.

Trade idea:
- Watch for price to move lower to the structure level or just below structure level
- Watch for bullish pressure around the time of FED event
- Enter with stops below the lows
- Targets: 14,300 (1,400pips), 15,200 (2,400pips)

Goodluck and trade safe!

See below for our previous analysis on NASDAQ.

Comment:

NASDAQ 2D