NASDAQ on the first minor pullback of the new bullish wave.

Nasdaq / US100 has just started the new bullish wave of the long term Channel Up.

The bottom was made 2 weeks ago and every time the bullish wave crossed over its 4hour MA50, it is expected to make a pullback retest at some point.

This pullback is taking place today.

Whether it replicates the first bullish wave of the Channel Up or the second, the index aims for either a 22.48% total rise or the 1.382 Fibonacci extension.

Both happen to be around the same level.

Buy and target a little under them at 23400.

Previous chart:

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