The NASDAQ index is also likely to start the new trading week in a positive manner. The decline observed throughout the past week suddenly shifted to growth on Friday. Likely, the objectives for forming the corrective Wave 4 were met. It's time to embark on conquering new heights.
This could mark the beginning of the development of Wave 5 in the upward impulsive movement. For this reason, entering buy trades may prove to be a particularly promising trading decision.
Positions should be entered at current market values, with the target being the upper boundary of the channel within which the upward movement is taking place.
Investment idea: BUY 20860, SL 20430, TP 24000.
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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