Bullish Basing + Breakout: Long to 15175?
The Nasdaq Index Futures have executed a bullish crossover of the 14-hour regression line over the 30 hour regression line amid a strong uptrend (slope of the 90-hour regression line). The recent pullback thus looks like a bullish basing pattern targeting 15175 or above (top of the regression line) on the high side and the contracting 2 STDV BB on the low side.
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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.