It has been a while and I hope you all are doing well. I am back to do regular analysis and help you all progress and get better at understanding the markets.
Looking at the current nasdaq market, we can see a rising wedge has been formed. It is very close to a breakout. This is likely to break down however there is good possibility for it to continue going up. If price does break down, I would wait for confirmation after the break of 11440, a break here will push price down further to 11334-11236.
if price does push higher than we expect it to go to 11700- 11821 and higher. As the market develops I will be posting to keep you all updated.