NASDAQ Tight buy on the support level.

Nasdaq / US100 just hit the Rising Support of October.

This is the level where the late September correction bottomed and a new bullish wave started.

Initially it hit the 0.618 Fibonacci level and then pulled back to the Rising Support again.

With the 1hour RSI deeply oversold, we see the current level as a strong buy opportunity.

Buy and target 20280 (Fibonacci 0.618).

Previous chart:

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