NASDAQ 100– Close to the confluence area

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Monthly: Could be the early stages of a bearish Head and Shoulders formation. A break of support at 5615 is needed top confirm this formation. Weekly:  Broken the expanding wedge formation to the upside. The measured move target is located at 7345. This is close to the 78.6% pullback level of 7295 (from 7702-5802) Daily: Could seen as a 5 wave Elliott Wave pattern. The 261.8% extensi...


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