NASDAQ Bottom not in yet but close
Nasdaq may be inside a long term Channel Up but for the whole month of April has been trading inside a Channel Down.
That is the same pattern that was formed after the February 2nd top.
The price hasn't touched the 1day MA50 since March 15th but is approaching it. We expect the bottom to take place a little under it.
Buy after closing under the 1day MA50 while the 1day RSI hits the bottom of the Channel Down and target 13550.
Previous chart:
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That is the same pattern that was formed after the February 2nd top.
The price hasn't touched the 1day MA50 since March 15th but is approaching it. We expect the bottom to take place a little under it.
Buy after closing under the 1day MA50 while the 1day RSI hits the bottom of the Channel Down and target 13550.
Previous chart:
Follow us, like the idea and leave a comment below!!
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