chartwatchers

NASDAQ - The Pennant

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chartwatchers アップデート済   
OANDA:NAS100USD   US Nas 100
It's still not too late to enter this trade. I'm still waiting for a 8500-9000 NAS100USD by the beginning of summer. Maybe even earlier.
I see many people waiting for a re-test of the previous low at 6150$. This is not going to come. We had an ICL at 6150 and those are not used to be tested back.

Right now we are printing a pennant pattern. The pennant's target price is at 7553.9.
7030 will trigger a panic buying. At the break of the previous high will pull in the whole bull horde into this trade:
everybody and his dog will be buying stocks. So I suggest to get in now, or at least at the breakout of the range.
If you wait too much you will be just chasing the price.

This is a unique opportunity. Comes only once in every 10-15 years.
Don't get left behind : if the train leaves the station the next vehicle might be a spaceship 15 years later.
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Are we breaking out from the range finally?
MACD crossed over above zero.
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Breakout of the range and a new high.
Weekly maximum close will be
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I would like to stress again this is the greatest opportunity of this year and maybe this decade.
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One could add when RSI gets oversold on the hourly.
There might ormight not be a testback of the range.
I think the chance is slim for that.
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So we couldn't test back the range.
It's an extremely powerful rally. I think when the triangle breaks out new highs are coming . This is the last pattern before the fireworks start.
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Panic buying above 7032:
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Nas100USD broke out leading all the indices.
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We rallied 1000 points in 4 weeks. The big money was in this trade. Not gold not oil not miners. Nasdaq. And it’s just starting.
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This is the point where you can add or enter at the breakout.
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So far so good:
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Just in case if we are whitnessing a dotcom like parabolic stage I will post a new idea (Title:Boiler room)where the entry will be this backtest at 7030. I will try to take profit at or near at the parabolic top later ar the end of this year. This pennant idea will be closed once we hit 7553.
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If a parabolic stage is evolving the top can be anywhere between 9000 to 15.000. I know most of you is saying now Im crazy. Keep in mind what happened in Bitcoin.
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Tricky triangle. I dont buy this breakout.
手動でトレードを終了しました:
159 points of profit.

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