The current trend for nasdaq is uptrend and considering the graph it has made a constant HH a possible LH on the way and then a continuation to the up
Currently a double bottom has formed it has broke the neck line now wait for retest and look for a candle stick pattern on the lower time frame .
On the daily there are clear HH AND HL and clearly indicating a uptrend . From the Fib on those certain points marked check for a candle stick pattern on the lower time frame
Looking for a long position waiting for the break and retest
Based on the trend and your support and resistance you could see it fall down in two positions form a support and then go up
