NASDAQ 'The Channel Up of ceasefire'

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NASDAQ 'The Channel Up of ceasefire'US Tech 100TRADENATION:USTECTradingShotNasdaq (NDX) has been rising non-stop within a Channel Up since the March 30 Low, which has accelerated at a historic pace ever since the first U.S. - Iran ceasefire rumors surfaced on April 07. The pattern seems to be recurring with the 4H RSI and MACD sequences indicating the buy spots with the 4H MA50 (blue trend-line) supporting. Today the market opened with a gap down, which is exactly what happened last Monday on negative weekend news but the market instantly recovered. As a result, as long as the 4H MA50 holds, every pull-back is a buy, targeting 27200. If the 4H MA50 breaks, we can see an accelerated decline towards the 4H MA200 (orange trend-line), targeting 24700. --- ** Please LIKE πŸ‘, FOLLOW βœ…, SHARE πŸ™Œ and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. πŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡