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US 100
Long

NASDAQ Bottom of the Megaphone.

1 168
Nasdaq is trading inside a Megaphone pattern on the (1h) time frame.
The price is very close to its bottom, which starts to signal a buy.
Each of the previous two bottom rallies, hit at least the 0.786 Fibonacci level.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 20450 (litle under the 0.786 Fibonacci level).

Tips:
1. The RSI (1h) turned oversold. A strong buy indicator.

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Chart PatternsTechnical IndicatorsnasdaqNASDAQ 100 CFDNASDAQ 100 E-MINI FUTURESTrend Analysisus100

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.
Chart PatternsTechnical IndicatorsnasdaqNASDAQ 100 CFDNASDAQ 100 E-MINI FUTURESTrend Analysisus100
TradingBrokersView
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 on:

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.