Nasdaq is approaching the MA200 (4h) which is untouched since May 4th.
This is the natural technical Support that rests now exactly at the bottom of not only the recent Rising Support but also the 5 month Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 16500 (Fibonacci 2.0 extension, same as July rally's target).
Tips:
1. The (4h) MACD is repeating almost an exact sequence as June 16th-July 10th. This is how the Fibonacci 2.0 target is derived. You can confirm your buy entry with the next Bullish Cross.
Please like, follow and comment!!
Notes:
Past trading plan:
This is the natural technical Support that rests now exactly at the bottom of not only the recent Rising Support but also the 5 month Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 16500 (Fibonacci 2.0 extension, same as July rally's target).
Tips:
1. The (4h) MACD is repeating almost an exact sequence as June 16th-July 10th. This is how the Fibonacci 2.0 target is derived. You can confirm your buy entry with the next Bullish Cross.
Please like, follow and comment!!
Notes:
Past trading plan:
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