US 100

NASDAQ Approaching the bottom of the Falling Wedge.

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Nasdaq is extending the decline it suffered at the top of the Falling Wedge pattern.
The Falling Support is the level to watch for buying and the price is within days from hitting it.

Trading Plan:
1. Buy when the price hits the Falling Support and the MACD (4h) makes a Bullish Cross.

Targets:
1. 15000 (slightly over the 0.618 Fibonacci).

Tips:
1. The MACD (4h) gave confirmed buy signals / Wedge bottoms after it formed a Bullish Cross. This is why we consider it a parameter for a buy.

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Notes:
Past trading plan:

NASDAQ Hit the MA50 (4h). Will it hold?

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