NAS
Drop to channel support then buyI'm looking for a break of the marked support level. I have Sell stops in place for this.
Will look at buying on a rejection of the channel support.
There are a few scenarios that could play here, including a bounce from the current support mid channel.
MACD is still showing me a sell for now.
NASDAQ Long positionYesterday 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
NASDAQ 100 LongNasdaq has been climbing since today's news released at 12PM GMT ,Tesla reaching record levels of $1,500 pushing NAS past $11,000.
Today's news rallied the stocks up to record highs and price action broke out of a current uptrend channel,with the news over
we are looking for long positions after a re-test of our level at $10,876.7 + 0.5 fib level.
We will see where NAS decides to go after re-tests and more effective news coming towards the end of the month with Earning reports of major companies.
BIAS: Currently Bullish,looking for re-test and continuation upwards depending on US corona situation and news.
$NAS, Crossing over ~4800 sats (potential R/S Flip on lower TF)$NAS
Crossing over ~4800 sats (potential R/S Flip on lower timeframes)
UCTS Signaling a buy on the daily and lower timeframes...
Continuation should allow ~5700 sats as 1st target (~15%)
Aim for an entry as close as possible to support since volume is not that great!
#NAS
NAS100 SHORT IDEA This is my first go of publishing anything please be kind and constructive
Bearish divergence .
the chart pattern is mirroring that of before the big drop at previous ATH .
the 0.236 Fib line is exactly at the previous ATH so i think that it would be a likely retracement and TP for this idea
NAS/BTC try to buy next the Support level.Hello, traders,
NAS recently brokes an important resistance level after an inverted head n shoulders pattern. Now, this level is going to act as an important support level. So we must wait for a pullback.
Be careful with fake movements.
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