NDAQ - BULLSEYE!
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NDAQ is performing very well, rising more than 5% since my last analysis. If you missed my call, you can check it here (and follow me to keep in touch, I do daily analysis):
The daily chart shows us a harami/hammer pattern, just above the 21 ema, indicated to us that the bulls arrived at the party:
The target for the daily chart is the green line, the optimal for a Head and Shoulders pattern.
Now let’s see how strong the bulls can be. If you look at the hourly chart, the price met the target of the double bottom (Eve & Eve double bottom), demonstrated by the blue lines. So, it’s a nice place for a pullback, but if the bulls are strong enough, that may not happen at all. Nevertheless, I’m taking some profits now.
Congratulations for those who did the trade, and if you are out, no worries, certainly more opportunities will come. Remember to FOLLOW me and LIKE this idea if it helped you.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
NDAQ is performing very well, rising more than 5% since my last analysis. If you missed my call, you can check it here (and follow me to keep in touch, I do daily analysis):
The daily chart shows us a harami/hammer pattern, just above the 21 ema, indicated to us that the bulls arrived at the party:
The target for the daily chart is the green line, the optimal for a Head and Shoulders pattern.
Now let’s see how strong the bulls can be. If you look at the hourly chart, the price met the target of the double bottom (Eve & Eve double bottom), demonstrated by the blue lines. So, it’s a nice place for a pullback, but if the bulls are strong enough, that may not happen at all. Nevertheless, I’m taking some profits now.
Congratulations for those who did the trade, and if you are out, no worries, certainly more opportunities will come. Remember to FOLLOW me and LIKE this idea if it helped you.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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