Hello Traders, welcome back to another market breakdown.
NASDAQ is showing strong bullish momentum, after failing to break bellow support levels and signaling a potential continuation to the upside. However, I recommend waiting for a pull-back to the previous daily range instead of jumping in at current levels.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation. Last swing high
Stay disciplined, wait for the market to come to you, and trade with confidence!
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