NASDAQ Long position
Yesterday the RSI indicator showed that NAS was hugely overbought with an RSI of 86
After a big pullback price corrected and the RSI dropped to 30 indicating a possible long position again
If we drop down to the 15min time frame we can see the EMA crossover also confirming our buy bias
This is enough information to have placed a long position with a decent 1:3 R:R
After a big pullback price corrected and the RSI dropped to 30 indicating a possible long position again
If we drop down to the 15min time frame we can see the EMA crossover also confirming our buy bias
This is enough information to have placed a long position with a decent 1:3 R:R
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