Nasdaq hit all of our targets on this bullish leg and even crossed over the 13750 High of August 2022 (Resistance 1).
The MA50 (1d) is supporting the Channel Up and Rising Wedge patterns but the RSI (1d) is overbought above 70.00 for the 3rd straight day.
As the price is that close to the top of the Rising Wedge, overbought pressure may start kicking in soon.
Trading Plan:
1. Buy on tight SL on the current market price.
2. Sell at 14100.
Targets:
1. 14100 (top of Rising Wedge).
2. The MA50 (1d).
Tips:
1. The RSI (1d) has been on a Rising Support since September 30 2022. This indicates that every pull back is weaker and gets bought more easily, suggesting a strong long term bullish trend.
Please like, follow and comment!!
Notes:
Past trading plan:
The MA50 (1d) is supporting the Channel Up and Rising Wedge patterns but the RSI (1d) is overbought above 70.00 for the 3rd straight day.
As the price is that close to the top of the Rising Wedge, overbought pressure may start kicking in soon.
Trading Plan:
1. Buy on tight SL on the current market price.
2. Sell at 14100.
Targets:
1. 14100 (top of Rising Wedge).
2. The MA50 (1d).
Tips:
1. The RSI (1d) has been on a Rising Support since September 30 2022. This indicates that every pull back is weaker and gets bought more easily, suggesting a strong long term bullish trend.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
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! 💰
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.