US 100
Long

NASDAQ Double bullish target

Nasdaq / US100 is consolidating around the 4hour MA50. It is a similar Cup and Handle pattern with August 24th.

Buy and target 15050 (4hour MA200). Then wait for a 1day pull back. Re-buy and target 15330 (Fibonacci 0.382) under the Falling Resistance.

RSI patterns identical, both showing we are in the phase of the 4hour MA50 consolidation.

Previous chart:

NASDAQ Heavily bearish. Short the next bounce.


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