Tradeofgrey

Nasdaq Weekly TF Analysis

Long
OANDA:NAS100USD   US Nas 100
Hello,

I will start this weeks analysis with the weekly so we can see what has be going on with Nasdaq. To begin, let's take a moment to appreciate the positive changes in the market. In the beginning of the year, the Nasdaq broke from a downtrend, resulting in a change of direction for the market. This is a great sign for investors, and it's important to capitalise on this momentum while it lasts.

From a technical standpoint, the Nasdaq appears to be in a strong uptrend, with no significant signs of weakness or reversal at the moment. This is a great opportunity for long-term traders to consider buying at low prices. It's important to keep in mind that Nasdaq follows trends religiously, so it's essential to stay focused on the trend and not diverge from it. As we move forward, let's keep our eyes on the trends and make wise investment decisions.

In my next post, I will provide an analysis of the lower timeframe to give us a better understanding of what the market is doing right now. I look forward to sharing more insights with you.

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