NASDAQ has been steadily climbing higher and higher with a channel. We can see that within the bullish moves, we have ABC corrections followed by a major impulse. We could be seeing another ABC correction soon which we can capitalise on.
Watch for the break of the ascending trendline to indicate bearish momentum and will be looking to enter with stops above the channel. Take profits would be the channel support.
Watch for the break of the ascending trendline to indicate bearish momentum and will be looking to enter with stops above the channel. Take profits would be the channel support.