NASDAQ - FED RELIEF RALLY ✨
Updated
Following on from our last post, we are seeing the wave B decline and almost at completion. We are anticipating the next wave C during the FED rate decision on March 16th. Depending on what they decide on how to deal with the balance sheet, we may see a nice relief rally.
The area to look for a bounce is the recent structure level at 13,000. If we move below that structure level, we're looking at 12,000 - 12,600 level for a bullish reaction.
Trade idea:
- Watch for price to move lower to the structure level or just below structure level
- Watch for bullish pressure around the time of FED event
- Enter with stops below the lows
- Targets: 14,300 (1,400pips), 15,200 (2,400pips)
Goodluck and trade safe!
See below for our previous analysis on NASDAQ.
The area to look for a bounce is the recent structure level at 13,000. If we move below that structure level, we're looking at 12,000 - 12,600 level for a bullish reaction.
Trade idea:
- Watch for price to move lower to the structure level or just below structure level
- Watch for bullish pressure around the time of FED event
- Enter with stops below the lows
- Targets: 14,300 (1,400pips), 15,200 (2,400pips)
Goodluck and trade safe!
See below for our previous analysis on NASDAQ.
Comment
NASDAQ 2D 
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Related publications
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.