US 100Long
NASDAQ BULLISH VISION
Looking at this point, we have two ACTIVE graphic patterns. The first one is a big bullish spike (you can see it in 1D timeframe), the second one is a bullish spike as well formed on the 17000 after the price retracement. So the price just turn on the pattern breaking up the 17800 key level, confirmed by a big green candle and then a rocket candle that was just formed (H4). Buy and hold until the 1st target (18150) which is the 78.2 fibs level retracement. You can take some profits and reduce the risk at this point. Look how the price follows up and if it breaks up the downtrend and the 18150, GO UNTIL 18600 as the final target.
1st stop: 17530
spacious stop: 17230
(its up your risk management)
Enjoy.
1st stop: 17530
spacious stop: 17230
(its up your risk management)
Enjoy.
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.