Nasdaq - Another +50% From Here!
Updated
Nasdaq (
NDQ) just broke out of a major channel:
Click chart above to see the detailed analysis👆🏻
It really seems like the Nasdaq is about to repeat the breakout behaviour of 2020. However, last month the Nasdaq showed some significant signs of weakness and vulnerability. The next couple of months will be very decisive, but the past of least resistance still seems towards the upside.
Levels to watch: $20.000, $25.000, $16.000
Keep your long term vision,
Philip (BasicTrading)
NDQ) just broke out of a major channel:Click chart above to see the detailed analysis👆🏻
It really seems like the Nasdaq is about to repeat the breakout behaviour of 2020. However, last month the Nasdaq showed some significant signs of weakness and vulnerability. The next couple of months will be very decisive, but the past of least resistance still seems towards the upside.
Levels to watch: $20.000, $25.000, $16.000
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Nasdaq (NDQ):
Click chart above to see the detailed analysis👆🏻
The more price action the Nasdaq creates, the higher the chance that it will hit $20.000 and eventually even $25.000, following the recent bullish channel breakout. Every weakness is being bought and there is no reason to trade against the trend. Therefore: Don't short yet.
Levels to watch: $20.000, $25.000
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Nasdaq (NDQ):
Click chart above to see the detailed analysis👆🏻
The Nasdaq is actually so close to breaking above the major psychological level of $20.000. Higher timeframe structure is still significantly bullish with the recent breakout of the rising channel pattern. New all time highs and a secondary resistance retest will follow soon.
Levels to watch: $20.000, $25.000
Keep your long term vision,
Philip (BasicTrading)
Note
Trading update on Nasdaq (NDQ):
Click chart above to see the detailed analysis👆🏻
This analysis really seems to be the right thing considering that the Nasdaq is about to create new all time highs with the confirmed bullish channel breakout. We saw the same breakout in 2020 and you know what happened next so make sure you all tighten your seatbelts.
Levels to watch: $25.000
Keep your long term vision,
Philip (BasicTrading)
😴|Swing Trader
💰|Stocks, Cryptos, Indices, Metals
💶|Keep your long term vision
👇🏻|Free "Trading Newsletter"
basictrading.net
💰|Stocks, Cryptos, Indices, Metals
💶|Keep your long term vision
👇🏻|Free "Trading Newsletter"
basictrading.net
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.