NASDAQ Bullish Price Action, Look For Buys

7 thg 6, 2022

Hi traders:

Here on NASDAQ, price is slowing developing good bullish price action that can potentially push the price higher.

We can see price has moved down to a higher time frame swing lows, and managed to break below it. However, no signs of bearish continuation price action.

instead, a descending channel reversal was formed, and a strong lower time frame bullish impulse has pushed the price up.

Now that price has impulse up, it begin to consolidate to form a possible bullish continuation correction.

Watch for the structure to complete and look for buy setups that fit your plan for entries to the next highs.

Thank you