NASDAQ Short term Resistance sell but buy if 15520 breaks.
Nasdaq / US100 is about to hit our second target (chart at the end) as it is approaching the Falling Resistance.
Our strategy was purely based on the identical patterns of July-August and September-October.
The index is close to a 4hour MA50-100 Bullish Cross, signalling the end of this uptrend.
We estimate a peak no more than 15350. If accompanied by a 4hour MACD Bearish Cross, sell and target 15050 on the short term (course of 4hour MA50).
If though the price crosses above Resistance A (15520), wait for a MA50 pull back and buy targeting 15930 (Resistance B).
Previous chart:
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Our strategy was purely based on the identical patterns of July-August and September-October.
The index is close to a 4hour MA50-100 Bullish Cross, signalling the end of this uptrend.
We estimate a peak no more than 15350. If accompanied by a 4hour MACD Bearish Cross, sell and target 15050 on the short term (course of 4hour MA50).
If though the price crosses above Resistance A (15520), wait for a MA50 pull back and buy targeting 15930 (Resistance B).
Previous chart:
Follow us, like the idea and leave a comment below!!
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