NASDAQ Rejected on the 1hour MA50 but bottom is in.

Nasdaq / US100 is trading inside a monthly Channel Up.

Despite getting rejected today on the 1hour MA50, the Higher Low at the bottom of the Channel Up has been priced in.

This is a good buy opportunity. Target 20350 (the 0.618 Fibonacci level).

Previous chart:

Follow us, like the idea and leave a comment below!!