NASDAQ - direct breakout or correction?
Updated
In contrast to the other indices, the nasdaq still looks very strong. But I expect that we see another corrective movement up to 13,700 and 13,550 points. From there I see the price rise to over 14225 points and continue its higher-level movement in the direction of 15268 points. Therefore, the stored target area should be a good opportunity for buying long positions. In the long term, however, the goal of 15268 points remains unaffected.
Conclusion: In short term I expect the Nasdaq to drop again between 13,700 and 13,550 points. From there I see prices above 14225 points.
Conclusion: In short term I expect the Nasdaq to drop again between 13,700 and 13,550 points. From there I see prices above 14225 points.
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