Nasdaq possibly could move up by 6-8% in coming days***

Mis à jour

Nasdaq hit weekly support around 11100 $ . *** denotes the following conditions, following its completion, we can expect a rally back to 12100$. ..
- Completion of head and shoulders pattern.
- We also see positive RSI divergence on the charts along with tag of a weekly demand level, so the probabilities of short term reversal are high.

To enter this trade, I would wait for :
- Nasdaq to break out and confirm above our neckline trendline (green flag).
- SL is the breakdown of the neckline.

Transaction en cours

Updated HS pattern neckline based on current price action

Note

Closed 70% position, letting other 30% position as runners

Trade fermée: cible de profit atteinte

shivam94_007

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