Nasdaq: Time to Continue its Bull Run Again?
Updated
Hello Fellow Stock Investor/Trader, Here's an Outlook for NASDAQ or NQ1!
Price Action Analysis
1. NASDAQ has rebound on the dynamic support (EMA200) and Multiple Rejection Area
2. Forming a Descending Broadening Wedge, the pattern indicates a bullish continuation pattern
3. Breakout of the pattern confirmed the possibility of the upside movement
4. The Momentum Indicator also made a golden cross, signifying the possible upside movement to the target area.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NASDAQ"
Price Action Analysis
1. NASDAQ has rebound on the dynamic support (EMA200) and Multiple Rejection Area
2. Forming a Descending Broadening Wedge, the pattern indicates a bullish continuation pattern
3. Breakout of the pattern confirmed the possibility of the upside movement
4. The Momentum Indicator also made a golden cross, signifying the possible upside movement to the target area.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NASDAQ"
Comment
-Confirming the bullish outlook, I never thought It would be reached within one day.- Done Target 1 :)
Comment
Trade closed: target reached
Reached Target 2 After Waiting for so long :)
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