NASDAQ Don't expect any major correction for a while.

11 thg 10

Nasdaq has been trading over its MA50 (1d) for almost 1 month, establishing it as the new support level.
The long term pattern is a Channel Up and every time the price stayed that long above the MA50 (1d), is has already starting the new bullish wave and spend at least 3 months above it.
The previous two buy waves grew by +48% and +49.90% respectively.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 25500 (+48% from the Channel Up bottom).

Tips:
1. The MACD (1d) is symmetrically on the exact same level where the previous bullish waves have established their price actions above the MA50 (1d). This fully supports a long term rally from here.

Please like, follow and comment!!

Notes:
Past trading plan: