Weekly chart:
As indicated in the last analysis, in this trend size the Nasdaq 100 can either continue its correction or directly continue the trend. In the past week, the index settled on the continuation of the trend. There is by all means still space up to the last high point at 4729 points, meaning that an entry could be worth it.
Daily chart:
Unfortunately there is still no valid trend in this trend size, since the previous downtrend was just broken at 4442 points. In order to generate a valid trend, the marker at 4729 points would have to be taken out of the market. Anyone who would like to run a higher risk can, of course, speculate on a trend already. However, the stop should be trailed very closely in this case.
Hourly chart:
We can also see the positive signs in the hourly chart. Here a valid trend is present, which is, however, on the point of a breakout at 4691 points. If this outbreak should occur, there is not much else standing in the way of a continuation of the trend.
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Markus Gabel
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AgenaTrader Trading Software
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