NASDAQ is breaking higher
NASDAQ is breaking higher above the consolidation. A confirmed break above this resistance is giving us a higher probability of the long trade entries. A break below 1200 is now required for the downside reversal. The overall medium-term is an uptrend and we need to see and a confirmed break above the 12440 for the upside extension. If we get such a confirmed breakout from this congestion triangle we would see an extension higher to 13500.
Note – We are inclined to long trade entries with the stop loss below 12200.
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