There is extreme pessimism with respect to Nasdaq and US IT Tech companies and they have corrected heavily from top. It looks like that NDQ is making a double bottom formation on weekly tf at fibo golden ration i.e. 61.8% retracement from Covid low to ATH.
There is also a formation of falling wedge pattern which is visible potentially and risk is to reward looks good to accumulate Nasdaq here for long term bet.
There is also a formation of falling wedge pattern which is visible potentially and risk is to reward looks good to accumulate Nasdaq here for long term bet.
עסקה פעילה:
Going good so far.
הערה:
I don't see any major change in setup and still going good so far...even with all the news flow
הערה:
Keep a watch on the levels marked in the chart
הערה:
Going good so far
הערה:
Nasdaq going stronger and stronger
הערה:
Nasdaq 20% up since this analysis
הערה:
Nasdaq weekly closing above 14K !!