NASDAQ Held the 1D MA50 and is rebounding.
Nasdaq (NDX) almost hit the 1D MA50 (blue trend-line) on Friday and immediatelly rebounded yesterday, in anticipation of high cap earnings starting tonight with Tesla and Alphabet. The 1D MA50 has been intact as the major Support of the Channel Up pattern since May 06.
The previous two Bullish Legs rallied at least +10.37% before the next short-term pull-back, so we are setting a new Higher High (top of the Channel Up) Target on Nasdaq at 21450.
Notice also the harmonic occurrence of the bottoms (Higher Lows) of the Channel Up as highlighted by the Sine Waves.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
The previous two Bullish Legs rallied at least +10.37% before the next short-term pull-back, so we are setting a new Higher High (top of the Channel Up) Target on Nasdaq at 21450.
Notice also the harmonic occurrence of the bottoms (Higher Lows) of the Channel Up as highlighted by the Sine Waves.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.