Even if we are facing (just) a consolidation before new highs (medium term target @ 22.22), one could defend a short term top and a test to medium term supports.
On a tradable time-frame, one can clearly identify a double-top (which target was already reached). This double-top can now evolve to a head & shoulders, supporting the (at least) consolidation scenario. But hey! Stay alert, the bias on Nasdaq-100 is still up, and most important of all, keep the plan simple, and trade IT...
No comments:
Post a Comment