US Nas 100Long
[NASDAQ] Cup & Handle - Long setup
Aggiornato
NASDAQ is forming a nice Cup & Handle pattern on the daily aiming to find support around the 200d EMA and enough buyers to push the price to ATH.
A similar pattern was seen in the 2009 bottoming process, successfully defending the 200d EMA and resuming the secular bull market.
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The same goes for the 2008 failure to hold the 200d EMA giving us a clear invalidation point for our setup
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If NASDAQ looses the 200d EMA most likely the bear market will resume
A similar pattern was seen in the 2009 bottoming process, successfully defending the 200d EMA and resuming the secular bull market.
[IMG]
The same goes for the 2008 failure to hold the 200d EMA giving us a clear invalidation point for our setup
[IMG]
If NASDAQ looses the 200d EMA most likely the bear market will resume
Nota
[IMG]
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