Buy Nasdaq
Updated
Looking at the bigger timeframes (TF) Nasdaq looks like it broke the downtrend starting the movement to the upside.
Confluences:
1- MACD giving buys signals
2- Moving averages about to cross to the up side (4H)
3- Price is currently at 0.38 fib level (daily) which for me indicates the end of retracement.
Confluences:
1- MACD giving buys signals
2- Moving averages about to cross to the up side (4H)
3- Price is currently at 0.38 fib level (daily) which for me indicates the end of retracement.
Note
Unfortunately it was a very short loss. If it was a bigger one it would the perfect trade.On to the next one.
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