Get started

Nasdaqtrading

NASDAQ: Short term buy opportunity.Nasdaq turned the 4H timeframe neutral (RSI = 45.569, MACD = 13.770, ADX = 42.721) as it hit the bottom of the Channel Up pattern, just under the 4H MA50. Given that the 4H RSI also hits its HL trendline, that becomes a strong buy opportunity on the short term. There is also a HH trendline involved that has formed a Rising Wedge, so we set our Target on it and not based on the Channel Up (TP = 13,430). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
NASDAQ The rally is far from overNasdaq is trading inside a long term Channel Up and is staging the second bull leg to its Top. The market formed a Golden Cross (1d) four weeks ago, the first since May 22nd 2020. Trading Plan: 1. Buy on the current market price and as long as it stays over the MA50 (1d). Targets: 1. 13730 (Resistance 1). Tips: 1. RSI (1d) remains over its MA period and reveals exactly where the price is at in relation to the previous bull leg (around January 30th). Please like, follow and comment!! Notes: This is a continuation of this trading plan:
CAPITALCOM:US100Long
by TradingBrokersView
2
NASDAQ: Targets the August High on this pullback.Nasdaq hit R1 (13,200) last Friday and with that our short term target. The 4H technicals remain bullish (RSI = 61.642, MACD = 91.200, ADX = 41.779), so are the 1D ones, within the long term Rising Wedge since October and the Triple Bottom that followed, so the trend remains bullish. After however the first 4H Golden Cross (on March 22nd) since January 18th, the current bullish leg is following that pattern of the former one. This suggests that one last pull back is possible before the price tests R2 (13,735), which is the High of August 16th. Buy the pull back, TP = 13,700. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
4