There is extreme pessimism with respect to Nasdaq and US IT Tech companies and they have corrected heavily from top. It looks like that NDQ is making a double bottom formation on weekly tf at fibo golden ration i.e. 61.8% retracement from Covid low to ATH.
There is also a formation of falling wedge pattern which is visible potentially and risk is to reward looks good to accumulate Nasdaq here for long term bet.
There is also a formation of falling wedge pattern which is visible potentially and risk is to reward looks good to accumulate Nasdaq here for long term bet.
Handel aktiv:
Going good so far.
Kommentera:
I don't see any major change in setup and still going good so far...even with all the news flow
Kommentera:
Keep a watch on the levels marked in the chart
Kommentera:
Going good so far
Kommentera:
Nasdaq going stronger and stronger
Kommentera:
Nasdaq 20% up since this analysis
Kommentera:
Nasdaq weekly closing above 14K !!