Daily EMA9 Higher Low Needed

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Daily EMA9 Higher Low NeededE-mini Nasdaq-100 FuturesCME_MINI:NQ1!BarkworthI wanted to buy a 4-hour higher low to set up the breakout yesterday. It formed during the European session with the US session following through to target $29395 where this week’s long technically completed. When price arrives at a target it will always do one of three things: Coil, reverse, or accelerate. Did we get TACO? Price accelerated straight to base resistance. For today, we have to remind ourselves that price is still basing, and semi sector hasn’t yet joined the rally. $29715 is next up, but we are headed into a long weekend. My plan today is to look for the backtest of the daily EMA9, and since we are above it, dip buying is officially back on.