US Nas 100Updated Nasdaq: Bullish Butterfly Pattern Points to Potential Rally! 📈✨
In the 4-hour timeframe, Nasdaq has formed a bullish butterfly pattern, signaling a strong buying opportunity. The price action also reveals a double bottom pattern, adding further confirmation to this bullish setup. Additionally, the RSI indicator indicates oversold conditions, suggesting an impending upward move.
Traders can take advantage of this setup with multiple take profit levels in mind. Keep an eye on targets at 14850, 14950, and 15050, as these levels could serve as significant resistance.
Get ready to ride the potential rally! 🚀💰
Don't forget to press the like button if you think this insight was helpful🚀
Traders can take advantage of this setup with multiple take profit levels in mind. Keep an eye on targets at 14850, 14950, and 15050, as these levels could serve as significant resistance.
Get ready to ride the potential rally! 🚀💰
Don't forget to press the like button if you think this insight was helpful🚀
Trade active
Note
TP1 reached Note
TP2 reachedNote
TP3 reached, take some profit and let the rest floating. ride the momentumTrade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.