NASDAQ There is still room to rise
Nasdaq has been on an incredible rise since March 24th after hitting the MA50 (4h).
The MACD pattern is trading on the same sequence as the March 7th-17th and January 12th-27th patterns that led to new Highs on the 1.618 Fibonacci.
The long term pattern remains a Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15100 (marginally under the 1.618 Fibonacci extension and the 15285 High of March 29th 2022).
Tips:
1. There is a secondary Channel Up (dots) since March 13th. This may lead Nasdaq to a smoother (and lengthier) rise to 15100.
Please like, follow and comment!!
Notes:
Past trading plan:
The MACD pattern is trading on the same sequence as the March 7th-17th and January 12th-27th patterns that led to new Highs on the 1.618 Fibonacci.
The long term pattern remains a Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15100 (marginally under the 1.618 Fibonacci extension and the 15285 High of March 29th 2022).
Tips:
1. There is a secondary Channel Up (dots) since March 13th. This may lead Nasdaq to a smoother (and lengthier) rise to 15100.
Please like, follow and comment!!
Notes:
Past trading plan:
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