Nasdaq - To test significant confluence zone

NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)

CME_MINI:NQ1! NASDAQ 100 E-mini Futures

Chart Patterns

chartpattern

Nasdaq is going to test a significant level. the level has some importance due the following reasons:

Double bottom scenario - a recent low
50% fib retracement from March 2020 to its all-time high.
5

0-week EMA - this has prevented the index from free-falling on at least 3 occasions in the past.

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