Today's price action can tell us a lot about the trend and future movements. After the drop to 24200, an uptrend line formed and resistance at 24470. If this trend continues, we can expect a breakout of this resistance and the key 24500 level. After confirmation, the Nasdaq could reach its highs again. Remember that on the daily chart, we are still in a strong bullish trend. Happy trading!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.