$NQ_F: Nasdaq 100 could turning up
After a correction in the daily chart, the market came back down to retest a weekly accumulation level (forming a new mode, from where a possible bullish trend signal can trigger).
Daily has been basing for long enough to trigger a reversal signal if price breaks over the yellow level shown in the chart. If that were to happen you can enter longs safely aiming to capture a move towards 15667.
Additionally, if this happened, the weekly chart would be in a position to confirm a weekly continuation setup, which could propel index futures much higher as per the cyan box, for roughly 8 weeks in a row.
Best of luck!
Cheers,
Ivan Labrie.
Daily has been basing for long enough to trigger a reversal signal if price breaks over the yellow level shown in the chart. If that were to happen you can enter longs safely aiming to capture a move towards 15667.
Additionally, if this happened, the weekly chart would be in a position to confirm a weekly continuation setup, which could propel index futures much higher as per the cyan box, for roughly 8 weeks in a row.
Best of luck!
Cheers,
Ivan Labrie.
Dagangan aktif:
Komen:
1st resistance broke, daily trend is now up again...Weekly to be seen.
Dagangan aktif:
Weekly trend is up also now...
Weekly trend is up also now...
Komen:
2nd resistance broke too.
2nd resistance broke too.