Nasdaq hit our TP = 15,000 as since our last idea (chart at the bottom) we took full advantage of the whole LH leg of the Channel Down. With the 1D technical outlook now just slightly bullish (RSI = 56.567, MACD = -24.590, ADX = 32.703) despite the seven day rally, we are looking towards a short term pullback that will test the buying strength and investor commitment towards a long term rise.
Consequently we are going short here, on the RSI rejection on R1, targeting the 0.382 Fibonacci retracement level (TP = 14,750).
See how well our prior idea has worked:
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Consequently we are going short here, on the RSI rejection on R1, targeting the 0.382 Fibonacci retracement level (TP = 14,750).
See how well our prior idea has worked:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial