Nasdaq is near the MA50 (4h) after 2 weeks of bearish trading.
The long term pattern is a Bearish Megaphone.
It may be completing an Inverted Head and Shoulders pattern, which is a bottom pricing formation.
Trading Plan:
1. Buy when the price crosses above the MA50 (4h).
Targets:
2. 12480 (under the bottom zone of the Bearish Megaphone and inside the Fibonacci 0.5 - 0.618 Zone that was a Support before).
Tips:
1. The RSI (4h) has been rising inside a Channel Up, indicating a Bullish Divergence.
Please like, follow and comment!!
The long term pattern is a Bearish Megaphone.
It may be completing an Inverted Head and Shoulders pattern, which is a bottom pricing formation.
Trading Plan:
1. Buy when the price crosses above the MA50 (4h).
Targets:
2. 12480 (under the bottom zone of the Bearish Megaphone and inside the Fibonacci 0.5 - 0.618 Zone that was a Support before).
Tips:
1. The RSI (4h) has been rising inside a Channel Up, indicating a Bullish Divergence.
Please like, follow and comment!!
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰