Nasdaq is trading inside a Channel Up.
The current Rising Wedge which is dring the price on the current bullish leg resembles that of October 27th - November 7th.
Trading Plan:
1. Buy on the current market price.
2. Sell below the MA50 (4h).
Targets:
1. 17300 (the 1.382 Fibonacci extension which was the target top of the mid November rise).
2. 15700 (Support 1).
Tips:
1. The MACD (4h) sequences among the two bullish legs are identical, confirming the bullish sentiment towards the 1.618 Fibonacci.
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The current Rising Wedge which is dring the price on the current bullish leg resembles that of October 27th - November 7th.
Trading Plan:
1. Buy on the current market price.
2. Sell below the MA50 (4h).
Targets:
1. 17300 (the 1.382 Fibonacci extension which was the target top of the mid November rise).
2. 15700 (Support 1).
Tips:
1. The MACD (4h) sequences among the two bullish legs are identical, confirming the bullish sentiment towards the 1.618 Fibonacci.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰