Nasdaq / NDX / US100 is near the top of the 6 month Channel Up.
Since the middle of that pattern, it started to form a narrower Channel Up.
So far we have had 3 correction waves inside the larger Channel Up, each less aggressive than the previous.
The 1day RSI is forming a Rising Resistance pattern same with the previous in February 2nd that priced the peak of the Channel Up.
Sell if the RSI crosses under its MA line.
Buy a little over the 1day MA50. Target 15280 (Resistance A, High of March 29th 2022).
Previous chart:
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Since the middle of that pattern, it started to form a narrower Channel Up.
So far we have had 3 correction waves inside the larger Channel Up, each less aggressive than the previous.
The 1day RSI is forming a Rising Resistance pattern same with the previous in February 2nd that priced the peak of the Channel Up.
Sell if the RSI crosses under its MA line.
Buy a little over the 1day MA50. Target 15280 (Resistance A, High of March 29th 2022).
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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TELEGRAM: t.me/thecryptagon
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.