Nasdaq Consolidation Zone
Updated
My thoughts on a brief rally unless derailed by global news events like Ukraine. The pattern is looking like a medium term bearish pennant and will likely continue down to around 13k. I think we might test the top trendline before heading back down once more.
Note
The rally is a bit weaker than what a W3 typically looks like, this might be the wave 4 into wave 5 with a peak around 14800
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