We may have underwent a reversal on NASDAQ, the technical aspects of this claim may be noted as:
1- Double bottoms pattern with neckline broken
2- We just crossed the Daily TF ichimoku cloud
3- Our downtrend broadening channel has broken high
We have a total of 3 TAs that says we should NASDAQ in higher target zones in the coming days. However, the fundamental news about FEDs getting dovish in their monetary policy is the main trigger for this event on NASDAQ.
Best of Luck and Happy Trading :-)
1- Double bottoms pattern with neckline broken
2- We just crossed the Daily TF ichimoku cloud
3- Our downtrend broadening channel has broken high
We have a total of 3 TAs that says we should NASDAQ in higher target zones in the coming days. However, the fundamental news about FEDs getting dovish in their monetary policy is the main trigger for this event on NASDAQ.
Best of Luck and Happy Trading :-)
Trade closed: target reached
Target 1 hit at 12800Note
last target hit, please dont follow this chart anymore lol sorry, forgot to update!
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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.