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NASDAQ – Bullish Triangle Breakout Loading

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I’m currently seeing a bullish ascending triangle forming on the Nasdaq indicating a strong accumulation phase before a potential breakout to the upside price has already started to bounce upward from this compression zone suggesting that buyers are taking control and preparing for a clean bullish continuation

If the breakout confirms, my target is around 27750$ aligns with
  • The projected target of the ascending triangle
  • A strong technical resistance zone
  • A logical extension given the current bullish structure


As long as price stays above the triangle support the bullish scenario remains the primary expectation
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