Trade of the Day NASDAQ

NASDAQ is breaking above the strong resistance

 

NASDAQ is breaking again above the strong resistance of 15000. A confirmation of this break will lead to a continuation higher to 15650. Support for the upside continuation is 14900 and only a break below this level could lead to invalidation of the upside extension. The next big upside resistance is 15650 and a break above this resistance will lead to an extreme upside extension. So far we are seeing a bullish continuation and there is no sign of a pullback reversal.

Note: you can enter the long trade entry with a stop loss below 14500

NASDAQ price action trading strategy

 

 

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