Macd has formed a double top on the weekly time frame , we have seen weakness in the market last two weeks , it looks like a golden opportunity
As you can see in the MFI and DPO drawing a nice and clear inverted head and shoulders , BULLS in controll
Since the market didnt make a new high on Friday 02.02.2024 so we can see a short term consolidation before it continues to buy -Aiming 17060 support
Nasdaq has declined it trend reversal by creating lower lows and lower highs on daily and h4 time frames after weak PPI, higher than expected CPI and more conflicts is the middle east we have loads of perfect indicators of the trend reversa
DJI daily time frame has formed a nice head and shoulders pattern translating the fear of the audience after the weak ppi and inflation back in rise again soft landing scenario is at the doors
Nasdaq has declined it trend reversal by creating lower lows and lower highs on daily and h4 time frames after weak PPI, higher than expected CPI and more conflicts is the middle east we have loads of perfect indicators of the trend reversal until (rete cuts DECISION IN MARCH)
a clear continuation inversed H&S pattern expecting new all time highs in THE Next few days before the US markets enter a recession
Nasdaq playing a nice head and shoulders pattern taking a short trade to 16460 then i will look for a long since the major sentiment is still positive
waiting for the price to hit the daily trend up ENTRY: 16880 SL: 17080 TP:16135
37400-440 support zone rejected the price and broke pivot key level 37600 so expecting new all time highs at 38100-38200 (fibo extension)
waiting for the price to go back to confirm shoulder level
possible buy continuation at 16460-430 SL: 16320 TP1: 16730 TP2:16880