The Nasdaq index continues to uphold a bullish trend, demonstrating strong dominance from buyers in the market. A consistent bullish structure is emerging as a solid indication that the rally may persist. This condition reinforces the idea that investor confidence in the Nasdaq’s upward trajectory remains intact, further supporting a bullish bias on the 1-hour chart.
From a technical perspective, the established bullish channel formed by a zigzag pattern illustrates a steady upward direction, while prices consistently staying above the Moving Average (MA) enhances the upward trend. The MACD indicator remaining in the positive area adds to the assurance that the Nasdaq’s bullish momentum remains robust. With such technical support, the potential for further strengthening is wide open, and new record highs may be within reach.
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On the 15-minute chart, the Nasdaq displays a strong bullish potential for the upcoming US trading session after prices have stabilized within the upward channel, bolstered by Moving Average (MA) heading upwards. This technical combination strengthens the short-term upward signal, providing a favorable opportunity for the Nasdaq to continue rallying toward testing a significant resistance level at 25,080.
Technical Reference: buy as long as above 24,915
Potential Take Profit 1: 24,040
Potential Take Profit 2: 25,080
Potential Stop Loss 1: 24,947
Potential Stop Loss 2: 24,915
