Are You ready for the cleanest range yet on Nasdaq (NDX)
Nasdaq has just broken into a very clean range, Plus with the structure having turned to Bulls as well, I am more than happy to now follow that momentum, As we can see. we have been trading above support for a few days now. The support sits at 12892.0, Price has been rejecting this level over and over again and this gives me a lot of confidence in the bulls.
On the 4-Hour Time frame, the Price has been ranging, Now it is not clear how long this range could continue but I would like to be prepared once it breaks. I do believe that price could break back below support to grab some Liquidity, at that point I will be chilling, I am only waiting on the bulls to step back in and push price all the way to 13547.0 which is my overall target.
My stop loss will be relative to the market structure created at the time.
Happy Trading
Renaldo Philander
Nasdaq has just broken into a very clean range, Plus with the structure having turned to Bulls as well, I am more than happy to now follow that momentum, As we can see. we have been trading above support for a few days now. The support sits at 12892.0, Price has been rejecting this level over and over again and this gives me a lot of confidence in the bulls.
On the 4-Hour Time frame, the Price has been ranging, Now it is not clear how long this range could continue but I would like to be prepared once it breaks. I do believe that price could break back below support to grab some Liquidity, at that point I will be chilling, I am only waiting on the bulls to step back in and push price all the way to 13547.0 which is my overall target.
My stop loss will be relative to the market structure created at the time.
Happy Trading
Renaldo Philander
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