Nasdaq 100 showing HUGE upside with its Cup and Handle to 16,073
Cup and Handle formed over the last couple of months.
A big one for that matter.
The price broke out of the brim level, but the price action has been very sloppy.
There is clearly a fight between the bulls and bears.
And so, that's why there's been a consolidation.
We can wait for the price to break above the small rectangle formation, before getting in to avoid a fakeout.
7>21>200
RSI>50 (Higher lows)
Target 16,073
SMC
Sell Side Liquidity (Order Block) is below the handle of the cup. Also the 200MA is around these levels which makes it another STRONG Level of liquidity for SM to buy.
The bias is very bullish, we just need the next push up.
A big one for that matter.
The price broke out of the brim level, but the price action has been very sloppy.
There is clearly a fight between the bulls and bears.
And so, that's why there's been a consolidation.
We can wait for the price to break above the small rectangle formation, before getting in to avoid a fakeout.
7>21>200
RSI>50 (Higher lows)
Target 16,073
SMC
Sell Side Liquidity (Order Block) is below the handle of the cup. Also the 200MA is around these levels which makes it another STRONG Level of liquidity for SM to buy.
The bias is very bullish, we just need the next push up.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
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𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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