📈 NASDAQ Outlook: Bullish Momentum Builds Up
✅ Breakout Confirmed: Price action has broken above the descending channel, signaling a reversal from the previous downtrend.
📊 EMA Crossover: The 50 EMA is crossing above the 200 EMA (a golden cross), historically a bullish indicator.
🔼 Momentum Strong: Price is accelerating above EMAs with a steep upward trajectory, suggesting buyers are in control.
🔮 Potential Target: With sustained momentum, price could aim for the 21,000+ region in the short term.
If the price sustains above the 19,500 zone, dips could be considered buying opportunities in the current bullish structure.
✅ Breakout Confirmed: Price action has broken above the descending channel, signaling a reversal from the previous downtrend.
📊 EMA Crossover: The 50 EMA is crossing above the 200 EMA (a golden cross), historically a bullish indicator.
🔼 Momentum Strong: Price is accelerating above EMAs with a steep upward trajectory, suggesting buyers are in control.
🔮 Potential Target: With sustained momentum, price could aim for the 21,000+ region in the short term.
If the price sustains above the 19,500 zone, dips could be considered buying opportunities in the current bullish structure.
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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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.