NQ1! Nasdaq hit weekly support around 11100 $ . *** denotes the following conditions, following its completion, we can expect a rally back to 12100$. .. - Completion of head and shoulders pattern. - We also see positive RSI divergence on the charts along with tag of a weekly demand level, so the probabilities of short term reversal are high.
To enter this trade, I would wait for : - Nasdaq to break out and confirm above our neckline trendline (green flag). - SL is the breakdown of the neckline.
Trade attivo
Updated HS pattern neckline based on current price action
Nota
Closed 70% position, letting other 30% position as runners
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.