NASDAQ Bullish Divergence

NASDAQ Bullish Divergence

NASDAQ 100 index of US listed shares


The trading idea is based on a bullish divergence which gives a trend reversal signal. MACD lines support possible upward movement. ADX lines of DMI fall and it allows opening long trades. The daily chart also looks bullish . Pending orders for buy can be placed above the local swing high at 6570.00 level. Stop orders must be placed below the local swing low at 6150.00 level. The main profit target is 7000.00 resistance level .
Source: TW DLavrov

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