NASDAQ is confirming the break above a strong resistance 14100
NASDAQ is breaking above the medium-term resistance ascending triangle. This breakout above the 14100 can lead to an extension higher to the 15500-16000 zone. Above this breakout resistance is a 300% Fibonacci extension from 1987 low 14750 coupled with the long-term rising wedge resistance as seen on a monthly chart.
On the weekly chart, we can see that NASDAQ has broken above the medium-term ascending triangle 14100. This breakout seems clean and we are looking for an extension higher to at least 14700-15000 zone as indicated.
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On a daily chart, we can see that the Already a member? This article is so good, it’s for premium members only.
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