NASDAQ INDEX (#US 100) 1-HOUR CHART PATTERN

4 Haz

TRADE SETUP (BUY)
Pair (NASDAQ)
Entry 21,700

Entry Zone: Price action shows a breakout above the resistance level (previous high), confirmed by bullish momentum and price emerging above the Ichimoku Cloud.

Target Point: Clearly marked at the 22,000+ level, suggesting a projected move of approximately 300+ points from the entry.

Technical Indicators:

Ichimoku Cloud supports a bullish continuation pattern.

Price Structure: Clean breakout from consolidation zone.


Reward-to-Risk Ratio (R:R): Estimated R:R appears favorable, approximately 3:1 or higher, assuming a modest stop-loss below the breakout zone (~21,600).

Summary:

Trend: Bullish breakout.

Entry: On breakout above 21,700 resistance.

Target: ~22,000.

Stop Loss: Below 21,600 (below cloud support).



This setup favors trend-following traders aiming to capitalize on strong momentum post-breakout with a defined target and manageable risk.

15 Haz

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