Nasdaq at 11105 current level,
Currently on a rising wedge pattern.
If a break out happens above 11720- 11750 going past above the wedge, it can take it to initial target of 13100.
On a downside, since currently markets are less than MA 50 level, the side ward movement continues.
it needs a clear break out above 11185 level, and move past 11450 ( Prev high)
Currently on a rising wedge pattern.
If a break out happens above 11720- 11750 going past above the wedge, it can take it to initial target of 13100.
On a downside, since currently markets are less than MA 50 level, the side ward movement continues.
it needs a clear break out above 11185 level, and move past 11450 ( Prev high)