NASDAQ rising to 12330 (4hour MA50). How to trade it from there.
Nasdaq - US100 touched the 4hour MA200 today and is on a technical rebound. Our target is 12330, the 4hour MA50.
If it closes above it, continue buying to 12600 (+2.05% rise as the previous breakout).
If the 4hour MA50 holds, sell and target 11835 (above Fibonaci 0.5 and expected contact with the 1day MA50).
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If it closes above it, continue buying to 12600 (+2.05% rise as the previous breakout).
If the 4hour MA50 holds, sell and target 11835 (above Fibonaci 0.5 and expected contact with the 1day MA50).
Follow us, like the idea and leave a comment below!!
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