NASDAQ may reclaim 12000

Ascending triangle within descending channel.
Momentum up, MACD about to flip.

Let's wait for the FED on the 28th and evaluate.
DYOR.

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Moreover abandoned baby:

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Over 12000.

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Guess what ?
Over 12k again ...

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Different view, similar target.
Key resistance sitting in the 12200-12500$ area, MA20/W.

Awaiting the first test.

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At target, within resistance area.

With the expected timing as well.

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Perfect move.

Close to upper limit of the ascending channel, being strong resistance.
Watch out for upcoming test.

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Meanwhile nice green marubozu candle on M.

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That's absolutely perfect.

It's testing resistance. we'll see the outcome within weeks.
If it breaks through after some sideways, 14k would be next likely target.

We'll see.
Eyes on DXY as well, we need confirmation of a topping pattern.

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That's not a pretty looking 8th TD candle.
Even worse when dealing with a resistance.

Watch the close.
If confirmed a pullback my be imminent.

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It may correct first place to about 12300, then to be evaluated.

Correction may start within few days.

Trade closed: target reached

Closing, as target was reached already.
Still awaiting a correction, simply posponed in my view.

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Sidenote: Nasdaq looking weak, watch weekly close.
Failing to pierce 13100$ on close would likely anticipate a pullback.

Possibly:

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Ok, here we go:

First support reached, with pivotal area sits around 12000$

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