Nasdaq / US100 is trading inside a Channel Down since the July 19th high.
Today the price not only touched the bottom of that Channel but is about to test the 1day MA200 for the first time in more than 7 months.
As the 1day RSI is on the same level as the Channel's previous two Lows, this is technically the best buy opportunity on a quarterly basis.
Buy and target 15000 (top of Channel Down and 0.786 Fibonacci which was where the previous Lower Highs were formed)
Previous chart:
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Today the price not only touched the bottom of that Channel but is about to test the 1day MA200 for the first time in more than 7 months.
As the 1day RSI is on the same level as the Channel's previous two Lows, this is technically the best buy opportunity on a quarterly basis.
Buy and target 15000 (top of Channel Down and 0.786 Fibonacci which was where the previous Lower Highs were formed)
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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TELEGRAM: t.me/thecryptagon
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.