Weekly chart:
The Nasdaq 100 has seemingly started a new movement and is approaching a breakout through the last point two and with this, a continuation of the trend.
Daily chart:
Here we can see how difficult it is to trade the market currently. The trends (red and green) are constantly alternating. At the moment, the red downtrend has been interrupted again and a new uptrend is forming. However, here it is advisable to wait for a setback in order to then search for an entry to the top. Currently, the chances of the primary uptrend asserting itself have increased once more.
Hourly chart:
The sharp rise has caused an uptrend to establish itself here, too. This definitely still has upwards potential, which is why one can still assume a long position here. Possible setbacks can also be used for an entry.
I hope you will remain favorably disposed towards me and always remember: the journey is the reward!
All the best
Markus Gabel
Head of Sales/Trading
AgenaTrader/TradeEscort
AgenaTrader Trading Software
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