NASDAQ Bank Analysis

Sep 12

Nasdaq Bank experienced a Breakout after 7 months of Sideways movement and reached the top of the Trendline. The market has now returned to the Breakout point, retesting the Sideways range or the 0.6 Fibonacci Retracement level. A Triangle Pattern is forming, and if the Uptrend continues, the target is R1. If the market closes above R1, it is likely to move toward the top of the Trendline.

Sep 18

Trade closed: target reached

Triangle Top Target Reached. Gained 6.5% Profit.

Nov 7

Note

Triangle Pattern Target Reached. Refer to this image