We had a lot of good news that we recieved in the past few days :
Technical analysis :
Ascending triangle is forming. A breaakout maybe coming...
Entries :
every touch on the red trend line (wait for fakeouts which is not very probable seeing the nasdaq very bullish performance.
Stop loss :
This pattern is invalidated if the price closed at the 4h below 22,4 K.
Targets :
Depending on textbooks patterns the goal stays between 28,4K & 29,5K
Happy trading y'all ! Boost the idea if you liked it.
- USA Economy is doing great !
- No interest rates hikes for another month !
- Covid lockdowns are mincing !
- Inflation is probably to cool off a little.
- Lower oil prices.
Technical analysis :
Ascending triangle is forming. A breaakout maybe coming...
Entries :
every touch on the red trend line (wait for fakeouts which is not very probable seeing the nasdaq very bullish performance.
Stop loss :
This pattern is invalidated if the price closed at the 4h below 22,4 K.
Targets :
Depending on textbooks patterns the goal stays between 28,4K & 29,5K
Happy trading y'all ! Boost the idea if you liked it.
Where do you think that a perfect entry and exit would be ?