Nasdaq: Bullish Butterfly Pattern Points to Potential Rally! 📈✨
Updated
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🚀
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TP1 reached Comment
TP2 reachedComment
TP3 reached, take some profit and let the rest floating. ride the momentumTrade closed: target reached
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