The Nasdaq continues to exhibit a strong bullish trend, characterized by a price pattern that remains firmly in a bullish structure. The formation of a series of Higher Lows (HL) indicates robust control by buyers, with every price correction being seen as an opportunity to purchase. As long as the price does not fall below the last HL level, the potential for a continuation of the upward trend remains technically viable.
Further support is provided by the Zigzag indicator, which displays a neat and consistent upward pattern, in line with the price consistently staying above the Moving Average line. This combination of signals reinforces the notion that market sentiment is still favorable to buyers, paving the way for the Nasdaq’s strengthening in the near term.
Recommended
Recommended
Recommended
Recommended
The Nasdaq is demonstrating continued strengthening signals on the 15-minute time frame, supported solidly by the Moving Average (MA) and MACD indicators. The price remains situated above the MA, indicating that the short-term trend is still under the control of buyers. Meanwhile, the MACD is also positioned in positive territory, with the MACD line above the signal line, further affirming the bullish sentiment. As long as the price structure does not establish a new Lower Low, the potential for the Nasdaq to rise remains open, with a likelihood of continuing the rally towards the next resistance level of 22,000.
Technical Reference: buy while above 21,820
Potential Take Profit 1: 21,970
Potential Take Profit 2: 21,200
Potential Stop Loss 1: 21,865
Potential Stop Loss 2: 21,8220
