US 100
Long

NASDAQ Bullish Flag and MA200 (1w) leading to 13600 by May

234
Nasdaq found support on the MA200 (1w).
It is waving a Bullish Flag inside a Channel Up pattern.
All Fibonacci levels have formed Resistance levels that are filled one after the other.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 13600 (on Fibonacci 0.5, the next in line after 0.236 and 0.382 got filled). This is also the August High.

Tips:
1. The RSI (1w) is on a Rising Support, currently supported by its MA too.

Please like, follow and comment!!

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.