Buying Nasdaq100 on the break of 1h counter trend line break
Nasdaq reversed sharply on the daily chart after May NFPs data. Last 4 days candle stick formation suggests that there was a false breakout to the downside. I expect market to go higher and to test 15000 in the nearterm.
Buying on 1 hour counter trend line break bullish. Stop below Fridays daily low. Target - Daily up channel resistance @ 14900. R:R 1:3,6
Buying on 1 hour counter trend line break bullish. Stop below Fridays daily low. Target - Daily up channel resistance @ 14900. R:R 1:3,6
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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.