Nasdaq was trading in a descending wedge which is illustrated with the green tread lines. We broke out wedge with a retest at 1384.10 creating a bullish order block in it's reaction to the upside, leaving an untested imbalance and bullish order block at 14030.40(Buy limit order)
Potential resistance at 14724.20 beware of potential break of of structure. My main target on this setup will be 15181.50
Potential resistance at 14724.20 beware of potential break of of structure. My main target on this setup will be 15181.50
Note
14432.70 Buy limit order changed
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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.