Nasdaq composite went the expected way

asharifan Updated   
NASDAQ:IXIC   Nasdaq Composite Index
The Nasdaq Composite provides an excellent overview of the fractal nature of the market.
1- The double bottom pattern was completed on January 23
2- The 6-week flag pattern that ended on March 13
3- A smaller cup & handle (green one) were formed.
4- The failure of the small pattern also happened last week.
5- Now we can say that we are already in a new bull market

Note: Even though the 13,000 level is an important resistance area and could cause problems, I personally don't expect it to stop the young bull.
Trade active


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.