We have now broken out of the descending channel (pink lines)! This being said, we can look to long Nasdaq while holding the Prime Trend-line (white), as buyers now have the advantage. We will look for tech companies to continue to drive the markets to ATH's.
Ideally we can utilize the Prime Trend-line in order to add to our positions, so long as it holds on 4 hour closes.
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.