{"id":177055,"date":"2023-04-29T07:00:00","date_gmt":"2023-04-29T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=177055"},"modified":"2023-04-29T00:02:49","modified_gmt":"2023-04-29T07:02:49","slug":"nasdaq-monthly-bull-follow-through","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/nasdaq-monthly-bull-follow-through\/","title":{"rendered":"Nasdaq 100 Minimum Monthly Bull Follow-through Bar"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: NASDAQ 100 Emini Futures<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.investing.com\/indices\/nq-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>NASDAQ Emini<\/strong> futures April monthly<\/a>\u00a0bull follow-through candlestick is a small bull doji bar closing at its high just above the March high. The bulls got the minimum follow-through after the big outside up bull bar in March. This is the second consecutive bull close above the monthly exponential moving average (EMA).<\/p>\n\n\n\n<p>On the weekly chart, the market closed as an outside up bull bar, although the bar went far below the prior week low than above prior week high.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">NASDAQ 100 Emini futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Monthly<\/em> NASDAQ chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Monthly-minimum-bull-follow-through-bar.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Monthly-minimum-bull-follow-through-bar-680x383.png\" alt=\"Nasdaq monthly minimum bull follow-through bar\" class=\"wp-image-177090\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Monthly-minimum-bull-follow-through-bar-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Monthly-minimum-bull-follow-through-bar-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Monthly-minimum-bull-follow-through-bar-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Monthly-minimum-bull-follow-through-bar-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Monthly-minimum-bull-follow-through-bar.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The April month bar is a small bull bar relative to March.<\/li>\n\n\n\n<li>The bulls needed a strong follow-through bar to try and convert the market to be Always in Long (AIL).<\/li>\n\n\n\n<li>Outside bars need follow-through, otherwise they can become a trading range.<\/li>\n\n\n\n<li>The market is now near the top of the trading range from June 2022. It is near the mid-point of the upper tail of August 2022.<\/li>\n\n\n\n<li>Last month\u2019s report had mentioned that the market could do the opposite of what happened in May-September.<\/li>\n\n\n\n<li>This would mean bears will try to sell in April to prevent having a follow-through bar for the bulls, and then bulls could create another buy-signal bar at the monthly EMA.<\/li>\n\n\n\n<li>While the bears could not create a bear bar, the bulls also did not get a strong follow-through bar.<\/li>\n\n\n\n<li>Bulls will try again next month to create a strong follow-through bar.<\/li>\n\n\n\n<li>Since the market has just transitioned above the EMA, it is likely it will go sideways for a few months than straight-up.<\/li>\n\n\n\n<li>The next target for the bulls is the high of the August 2022 sell-signal bar, followed by the high of the April 2022 sell climax bar.<\/li>\n\n\n\n<li>Since the market has been in a trading range on the monthly chart, it usually goes above one resistance, but not above the next one.<\/li>\n\n\n\n<li>So, it\u2019s likely the market will go above the August high, but not the April high, before a leg down in the trading range.<\/li>\n\n\n\n<li>Bears could start selling here to attempt a double top with August (shown with red shade).<\/li>\n\n\n\n<li>They will scale in higher around the close of the February 2022 month and the upper half of April 2022 to keep the bear body gap open.<\/li>\n\n\n\n<li>The bear body gap (shown with yellow shade) was created when April and May 2022 broke below the bear body of February 2022, and there has not been a close since that overlaps with the body of February 2022.<\/li>\n\n\n\n<li>The bull targets mentioned in last month\u2019s report and shown on the chart are still valid.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> NASDAQ chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Weekly-start-of-third-leg-up.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Weekly-start-of-third-leg-up-680x383.png\" alt=\"Nasdaq Weekly Start of third leg up\" class=\"wp-image-177093\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Weekly-start-of-third-leg-up-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Weekly-start-of-third-leg-up-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Weekly-start-of-third-leg-up-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Weekly-start-of-third-leg-up-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Weekly-start-of-third-leg-up.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This week\u2019s candlestick is a bull outside bar closing near the high of the trading range going on in April.<\/li>\n\n\n\n<li>The market triggered the bad sell-signal bar of last week. It looks like buyers came in around the mid-point of the 3\/27 bull bar tail.<\/li>\n\n\n\n<li>The market is in a tight trading range for past 3 weeks \u2013 Traders are buying near the low of prior week and selling near the high.<\/li>\n\n\n\n<li>The question now is, will traders sell the high of this week? Bulls will need a follow-through bar to convince traders the 3<sup>rd<\/sup> leg up has begun.<\/li>\n\n\n\n<li>One problem for the bulls is that they don\u2019t have consecutive bull bars anymore.<\/li>\n\n\n\n<li>In other words, after the strong move up in March, the 4 weeks have been alternating bull and bear bars.<\/li>\n\n\n\n<li>If bulls need this leg up to continue strongly, they need consecutive bull bars. Otherwise, it becomes a leg in trading range.<\/li>\n\n\n\n<li>The next bull target is the close of Week of 8\/8 at 13569.75 \u2013 the last bull bar of the micro channel up in August. That was a reasonable buy the close bar, and there are trapped bulls up there.<\/li>\n\n\n\n<li>The market is close enough to this target that it should reach it.<\/li>\n\n\n\n<li>There is also a body gap created by the week of 1\/30 \u2013 There has not been a bear close after the market broke above the close of 1\/30 that overlaps with the body of 1\/30.<\/li>\n\n\n\n<li>If the market continues to go sideways for a few weeks, bears will try to get a leg down like they did at the end of the first leg up in early February.<\/li>\n\n\n\n<li>The first target for bears will be to close the body gap by going below close of 1\/30 \u2013 12613.25<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: NASDAQ 100 Emini Futures NASDAQ Emini futures April monthly\u00a0bull follow-through candlestick is a small bull doji bar closing at its high just above the March high. The bulls got the minimum follow-through after the big outside up bull bar in March. This is the second consecutive bull close above the monthly exponential moving [&hellip;]<\/p>\n","protected":false},"author":3331,"featured_media":177090,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[136,1849],"tags":[1850,1455],"class_list":{"0":"post-177055","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis","8":"category-nasdaq-100","9":"tag-nasdaq-100","10":"tag-weak-follow-through","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/04\/NASDAQ-Monthly-minimum-bull-follow-through-bar.png","author_info":{"display_name":"Rajesh","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/rajeshh_98yahoo-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/177055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/3331"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=177055"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/177055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/177090"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=177055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=177055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=177055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}