The weekly and daily timeframe is showing a bullish trend, and remember the idea of the CADCHF setup I posted, this is what was expected to happen there.
What do we expect here? A retest to 12000 SUPPORT zone and a bullish move to 13720. This is a long term buy for NASDAQ.
Please do share, and give a follow to support.
What do we expect here? A retest to 12000 SUPPORT zone and a bullish move to 13720. This is a long term buy for NASDAQ.
Please do share, and give a follow to support.
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Price might not start to go bullish soon, because price might get to 11820zone ton clear the liquidity of January's last week low, before the push to the bullish side.
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A first leg of the W formation I want to see have been given, so I expect a second leg to maybe get to the 11820 zone before the buys, or price might just pass 11900 before the buys, since it's the low of the current first leg. 11820 is far more preferable.
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The week ended in our favour, now it's time to go to the lower timeframes like H4 to look for support levels to continue it's bullish structure. LET'S GO!!!
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Price got to 11820 as predicted, and also clossed Thursday with a hammer before yesterday's bullish move.
So the retest level for the H4, for bullish continuation is between 12250 and 12150.
Those are my zones for the support on H4.
So the retest level for the H4, for bullish continuation is between 12250 and 12150.
Those are my zones for the support on H4.
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Price went on to take out the lows at 11820 but, gave a nice hammer as the daily closed, plus a good buy momentum today, we are still on buys.
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The previous lower highs is broken, now a bullish trend is beginning
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Still sailing
Let's look out for price movements.