06 May 2025, #NQ100
Over the past trading day, there have been no major changes in the market situation. The asset's price continues striving upward. After breaking through a local high, buyers are consolidating at new price levels while preparing a base for further bullish movement. As previously mentioned, this current rise is interpreted as wave (b) within a corrective structure forming a converging horizontal triangle. This sets up an attractive growth potential, providing good opportunities for entering long positions. The target for the expected rise is located near the previously recorded all-time high, so it is advisable to start securing profits early. Investment idea: BUY 21940, SL 20820, TP 23500.