NASDAQ Entry Levels

Price reached Senkou A and Kijun. RSI confirms price reversal from these levels. DMI shows that this market is in range, but rising ADX line can support possible up movement. We have an entry level for long trades. We'll buy, if price moves above 4850 with target near 5000. Stop should be placed below the swing low. If market falls below 4750, probably we'll have a signal for opening short trades.

The trading idea is based on Sunrise Trading Strategy.