NASDAQ is close to a wedge breakout
NASDAQ is testing the downside resistance of the narrow wedge 14745. A break below this level would lead to a pullback reversal to test 14100. A bounce here is required for the upside continuation higher and a test of 15500. If NASDAQ breaks below the indicated level it will open a larger pullback. Either way, if we also see an impulsive price action higher to 15500 upside is fairly limited.
Note: you can take the short trade upon a break below 14740
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