NASDAQ - Potential Bearish Deep Gartley
I analyzed DXY over the weekend, with it clearly breaking 95 on the daily chart, I expect it to challenge 88 soon.
A lot of investors are losing faith in the USD, selling USD to buy all kinds of assets.
With continual drop in USD, I expect Nasdaq to continue its rally, minimally towards 10980.
Nasdaq will complete a deep gartley around this level, which I will wait for a break of support before considering whether to go short.
A deep gartley is when the ABCD structure exceeds XA 78.6, we will then shift our focus to XA 88.6 to look for a potential reversal.
Right now, it is looking bullish, and I expect another 300 points move upwards minimally. If you want to trade today, buying is the right move with targets at 10980.
Good luck and good trading.
A lot of investors are losing faith in the USD, selling USD to buy all kinds of assets.
With continual drop in USD, I expect Nasdaq to continue its rally, minimally towards 10980.
Nasdaq will complete a deep gartley around this level, which I will wait for a break of support before considering whether to go short.
A deep gartley is when the ABCD structure exceeds XA 78.6, we will then shift our focus to XA 88.6 to look for a potential reversal.
Right now, it is looking bullish, and I expect another 300 points move upwards minimally. If you want to trade today, buying is the right move with targets at 10980.
Good luck and good trading.
Note
This is a bullish bat you can consider to buy low and trade the C-D leg of this move. 
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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.
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.