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Nasdaq 100 – prognosis via Dow Theory

Weekly chart:

In the big picture we can see a valid uptrend with a high at 4729 points. From there, the price went back almost to the beginning of the green correction zone. A new movement was aborted shortly before the last high and the index fell sharply back down. Not until the week of Christmas did it seem as if a new movement would begin.

Chart1

Daily chart:

In this trend size, too, the last high is also at 4729 points. However, here we do not have a valid trend. For this, a new high point is required, and until this happens, a trade is not worth it here.

Chart2

Hourly chart:

The rise this week led to a new uptrend, which is currently in a correction. As long as it does not exit downwards out of the correction zone, then at the start of the coming trading week we can assume that this trend will continue.

Chart3

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All the best

Markus Gabel

Sales partner / AgenaTrader / TradeEscort

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Sunday, 27 Dec, 2015 / 1:59

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