After the inverse head and shoulders figure at the strong support level (green) the price went towards the gold trend line setting the new local maximum which is a good sign for bulls. Looking long with a target around 9600.
NASDAQ (NAS100) - re entry
I believe this has the potential to keep going long it retraces to the fib level which lines up with previous support!
Looking for the break and retest and correct confirmations before entry
-Testing, learning, beginner!
In this video I look at the Nasdaq 100 and how using pitchforks for market geometry can give us clues about where we may see major and minor pivot.
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NASDAQ is on its way to retest the market high the third time this year.
103.0 - 106.0 is a decent area of resistance and bets are high that we will see a retracement from it.
Target levels will be 100 and 96
*also note that the previous daily candle was quite strong
for this reason, it is preferable to...