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US100 CFD
Long

Nasdaq shows C+H pattern and just broke the handle

By euro_trade
We see the classic cup & handle pattern in the Nasdaq 100, where currently the handle in the downtrend was broken upwards and retested. Thus, further highs are expected, above the previous 52w high and then the ATH.

Furthermore, with Friday's close, the MA50 in 4H was exceeded, which is also bullish.
Chart PatternscupandhandlebreakoutcupandhandlepatterncuphandleTechnical Indicators
euro_trade

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