Is it possible to trade Nasdaq? Yes, but it won't be easy! ✋
Once again, the Nasdaq hit the support at 13,600 and it is bouncing one more time. The 30min has nothing interesting for us, but maybe the 4h chart has:
Yes, we have a bullish candle above the support at 13,600 and the 20ma. This alone is a buy sign, if Nasdaq breaks the 13,680 tomorrow.
The problem: The RSI shows an advanced breakdown. If the index triggers a buy, we must set our stop-loss very tightly, as this advanced breakdown might ruin the bullish idea. If this happens, the Nasdaq has a target at 13,430.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Yes, we have a bullish candle above the support at 13,600 and the 20ma. This alone is a buy sign, if Nasdaq breaks the 13,680 tomorrow.
The problem: The RSI shows an advanced breakdown. If the index triggers a buy, we must set our stop-loss very tightly, as this advanced breakdown might ruin the bullish idea. If this happens, the Nasdaq has a target at 13,430.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
