Strong Bullish Structure. Upside Target $13200

12 Feb 2023

Hi Traders,

Nasdaq is extremely bullish based on:

• Bullish Flag pattern (green channel)
  
• Short-term falling wedge pattern (inner blue channel)
  
• Bullish Divergence on Stoch, VWMACD, and RSI
  
• Strong support at 12230
  
• RSI in demand (BUY) zone
  
• Possible completion of Wave 4, before Wave 5 to upside
  

First target is 13200, followed by an extension to the 13800 level.

Happy Trading!