The NASDAQ index is once again coming to life, preparing for another march in its favorite direction. Right now, the price is cautiously peeping out above the range within which the correction developed for some time.
Most likely, buyers will manage to consolidate at new values, allowing the price to continue to actively grow. Thus, the beginning of Wave 5 of (v) may be laid. The target for the upward movement is located at the upper boundary of the channel within which the protracted impulsive growth is occurring.
In this situation, it is recommended to start opening long positions and await the realization of the designated scenario.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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