Let's dive into the current state of NASDAQ 100. After a week of bearish pressure, we've witnessed an interesting turn of events—a bullish divergence! 📉📈 This could indicate a potential shift in momentum, but as always, caution is key. Bear with me as I break down the technicals: NASDAQ 100 has broken past its lower highs, suggesting a potential trend reversal. This divergence often signals weakening bearish momentum, potentially opening doors for the bulls to regain control. 🐂📊 #TechnicalAnalysis
The next point of support seems to be around the 15073-15140 range. This area could act as a crucial zone to watch, as it might determine the strength of the potential bullish trend continuation or Vice-versa 📉🚀 #SupportLevels #NASDAQAnalysis
Now, onto my current trade: I've entered a buy position at an opportune moment, catching the bullish continuation in action. So far, the trade has already gained 30 points, adding a nice touch to my trading account. 📈💼 However, it's essential to remember that trading is a game of probabilities. While the signs are encouraging, nothing is guaranteed in the markets. I'm keeping a close eye on the price action and structures ready to change my bias if needed. 🧐🔍
My trade has a target of 100 points, aiming to capitalize on the potential upward movement. If the trade reaches my target, I'll consider taking profits. If not, I'm prepared to manage potential losses. 💡🎯 My current buy trade is off to a good start, but the journey ahead remains uncertain.
Trade closed: target reached
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.