Nasdaq is trading inside a Bearish Megaphone.
The MA50 4H has been established as Resistance.
The price uses as Supports the Highs and Lows during January's uptrend.
Trading Plan:
1. Buy on the MA200 4H and next Low Support confluence.
2. Sell on the MA50 4H.
Targets:
1. 12300 (MA50 4H).
2. 11850 (next Support and MA50 1D).
Tips:
1. The RSI 1D is inside a Channel Down and oversold. Adding buying pressure.
2. Observe if the Fibonacci retracement levels can be used as Support levels.
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The MA50 4H has been established as Resistance.
The price uses as Supports the Highs and Lows during January's uptrend.
Trading Plan:
1. Buy on the MA200 4H and next Low Support confluence.
2. Sell on the MA50 4H.
Targets:
1. 12300 (MA50 4H).
2. 11850 (next Support and MA50 1D).
Tips:
1. The RSI 1D is inside a Channel Down and oversold. Adding buying pressure.
2. Observe if the Fibonacci retracement levels can be used as Support levels.
Please like, follow and comment!!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.